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Best Medicare Insurance Supplement
The best Medicare Insurance Supplement will be based on several factors, such as your income and current medical condition.
What is an Insurance Supplement?
An Insurance Supplement is an additional insurance plan that helps cover gap or gaps that are not covered by your main insurance plan, in this case Medicare. Gaps such as copayments, coinsurance, and deductible.
If you are new to Medicare or turning 65 years old, Medicare will cover 80%. Medicare has 2 parts, Part A covers Hospital bills, and Part B covers Doctor and Medical Services. Both will only cover 80% of the approved Medicare charges.
Supplement Insurance to cover the 20% that Medicare does not cover.
You have 2 supplement insurance options to cover the 20% that Medicare Part A & B does not cover. Option 1 is a Medicare Supplement (aka Medigap) plan and Option 2 is a Medicare Advantage plan.
Option 1
Medicare Supplement plan helps you pay the 20% not covered by Medicare. Medicare Supplement plans are sold by private insurance companies. You pay the private insurance company a monthly premium for your Medicare Supplement policy in addition to the monthly Part B premium that you pay to Medicare.
Option 2
Medicare Advantage plans are offered by private companies that contracts with Medicare. Medicare Advantage Plans provide all of your Part A (Hospital) and Part B (Doctor and Medical Services) benefits and most include Part D (Drug Coverage) plus extra benefits.
Best Medicare Supplement Plan
The Best Medicare Supplement Plan in 2021 is Plan G, due to the inability of new applicants to purchase Plan F.
Medicare supplement Plan G is the best overall plan that provides the most coverage for seniors. Plan G is very similar to Plan F in that it will cover almost everything except the Part B deductible.
Best Medicare Advantage Plan
A Medicare Advantage plan is a very good option to supplement Medicare. Private companies offer Medicare Advantage directly from the company or via Certified Agents (like Armando Wilson).
The majority of Medicare Advantage covers Medicare Part A (hospital), Part B (doctors and medical services), Part D (medications), in addition to some extras benefits such as Dental, Vision, Hearing, Over the Counter products, and other benefits.
Most Medicare Advantage plans cost you $0 to enroll and keep for a calendar year. You do have copays and coinsurance for most services.
The Best Medicare Advantage plan would be the one that your is accepted by your Doctors, has low copays, and offers good extra benefits that you need for the year.
Other Supplement Insurance
Medicare does not cover preventative Dental care. Procedures such as fillings, tooth extractions, dentures, or other dental devices are not covered by Medicare.
Medicare will mostly cover, If you have a complicated or emergency dental procedure that requires hospitalization. If you only have Original Medicare, Part A will cover 80% of the cost.
Senior citizens with Medicare are very likely to have dental care expenses that could increase as the years go by and they currently can’t depend on Medicare to cover the costs.
Options to Add Dental Insurance
Option 1 – Buy a Dental Insurance Plan from a Private Company.
Option 2 – Medicare Advantage Plan. Most Medicare Advantage plans offer Dental Benefits.
Bundle Supplement Insurance
Dental
Original Medicare doesn’t cover routine dental exams, cleanings, procedures or dentures. It does cover some dental care related to hospitalizations, surgeries and the treatment of diseases. You’ll pay for routine dental care and dentures out of your own pocket with Original Medicare.
Vision
Original Medicare does not cover routine eye exams, glasses or contacts. Medicare Part B covers some eye care related to diabetes, glaucoma and macular degeneration, as well as corrective lenses after cataract surgery.
Hearing
Original Medicare doesn’t cover hearing aids or fitting exams. You’ll pay for them out of your own pocket..
Private companies also offer bundle supplement insurance that covers Dental, Vision, and Hearing in one plan.
If you have questions about Medicare Insurance Supplement plans, leave your information below.