Receiving your Original Medicare insurance card in the mail can be quite exciting. You may have worked your entire life, and now that you've retired, it's good to know that you can continue to maintain insurance coverage outside of what was offered on your job. Original Medicare consists of two parts, with Part A covering hospital care and Part B taking care of doctor's visits. Although this may be perfectly adequate for some people, you might be wondering if there is more available to you. Take a look at the information that follows to see why you should consider getting a Medicare supplement plan as soon as possible.
Get Help With Out-Of-Pocket Costs
If you've managed to accrue a sufficient number of work credits over the life of your career, you'll generally find that you don't have to pay a premium for your Part A coverage. However, Part B nearly always has a premium, co-payments, and coinsurance. If you are on a fixed income and really have to watch your budget, you are likely interested in solutions that can make this part of the coverage more manageable for you.
Some supplement plans actually cover some of the costs associated with your co-payments and coinsurance. This can be a huge bonus because instead of being forced to produce a lump sum of money at one time, you can simply pay your supplement premium each month, and if you ever need to visit the doctor frequently in a short timeframe, you can use your Part B benefits to cover a portion of the bill.
Fill In The Gap With A Supplement Plan
Some of the benefits you'll receive with a supplement plan aren't available if you stick with Original Medicare. Supplement plans are also known as Medigap coverage because it essentially fills in the gaps that are left behind with Original Medicare. Some plans allow you to get free transportation to area pharmacies in case you need to pick up prescriptions, and you may even be able to obtain a policy that will provide you with meals for a certain number of days after you've had a surgical procedure.
Getting a Medicare supplement plan lets you rest easy because you know you have the coverage necessary to help you face an emergency situation. Contact a representative to find out if there is an enrollment period you can use to get signed up today.