Medicare provides vital medical services to patients over 65 and those with disabilities, but this program won’t cover all your medical expenses. Without a Medicare supplement plan from a private insurer, you may be responsible for copays, coinsurance, and medication costs, which many seniors cannot afford. There are a variety of options available to help you meet these fees, each of which may be suited for your lifestyle and financial situation.
Insurers now offer 11 different Medicare supplement plans, which are uniform throughout the country. For example, a Plan A from one insurer in Kentucky will provide the same benefits as the same policy from a different carrier in New York. However, premiums and deductibles may vary from one insurer to the next, so it’s important to compare options before selecting a policy.
Every plan will have different out-of-pocket costs, including the monthly premium, and some will require you to meet a deductible before collecting benefits. If controlling your insurance costs is a priority, you may choose a Medicare supplement plan K or L, which feature annual out-of-pocket spending limits. Plan F, a popular option, offers the most comprehensive medical coverage available, taking care of virtually all of your out-of-pocket medical expenses. It’s best to speak with an experienced professional who can walk you through the options and explain the benefits, so you have the information you need to make the right choice and decide which plan is best for your needs.
The insurance specialists at Aines, Carter & Associates in La Grange, KY, specialize in helping senior citizens get the coverage they need. They pride themselves on their personalized approach and will take the time to understand your requirements before recommending a policy tailored to you. To learn more about Medicare supplement plans, visit their website, or call (855) 367-5614 to speak with a knowledgeable agent today.