Medicare Supplement Insurance, also known as Medigap policies, is meant to help cover most of your medical costs, if not all, that Original Medicare does not cover. If you are already enrolled in Original Medicare Parts A and B and choose to buy Medicare Supplement Insurance, know that Medicare will pay its portion of the approved amount set by Medicare itself to cover a certain amount of the costs. Once that portion is paid, the Medicare Supplement plan that you chose to buy will cover its share.
Depending on the plan you go with, you will either pay a higher premium for no out-of-pocket costs and more benefits or pay a smaller premium with no additional benefits. The choice is entirely up to you and what you feel fits you best, but don’t feel like you need to settle with the first plan you see!
When, Where, and How to sign up
When signing up for Medicare, it’s all about the when, where, and how:
- When, where, and how do I get my Medicare Part B started?
- When, where, and how do I find the best Medicare Drug Plan?
- When, where, and how do I find the best Medicare Supplement plan?
This might sound complicated at first, but here’s where we can help. If you visit MedicareOnVideo.com, you will find videos on every topic of Medicare explained by an experienced and licensed insurance broker, Keith Armbrecht, who founded Medicare on Video nearly 15 years ago. Medicare on Video is set up to be a complete resource to give you the best explanations on every aspect of dealing with protecting your health.