Medicare supplemental health insurance provides you with additional health insurance benefits that are not available through Medicare Part A or Part B. Some Medicare supplemental plans, also referred to as Medigap insurance,will provide you with prescription coverage and preventative healthcare. Medicare supplemental health insurance plans can also cover your Medicare Part A deductible, extra days of hospital care, your Medicare co-payment amounts, skilled nursing and foreign travel emergency care.
Medicare supplemental health insurance is a plan sold by a private insurance company to those eligible for Medicare as additional coverage for medical needs.These policies can be purchased directly from an insurance provider,which is bound by the federal and state laws governing health insurance. Before you sign up for a Medicare plan make sure you get all the Medicare health insurance plan information. Medicare supplemental insurance is designed to help cover the "gaps" left by the standard goverment Medicare plan.
Because Medicare is a compromise between what is needed by the elderly population and what the government can afford to cover, there are obvious gaps in coverage, such as coverage of prescription drugs,extended hospital stays, specialized in-home care, and coverage for travel abroad.
Before you consider purchasing Medicare supplemental insurance, you should understand the coverage under Medicare and the rules for joining or switching Medicare policies. You should first maximize your benefits under available Medicare options as well as consider the effect of other coverage options such as group health insurance from your employer or trade union.