First, keep in mind Medicare does not cover any Medicare Supplement policy costs. You pay a second premium for a Medicare Supplement. Furthermore, Medicare Supplement plans do not cover long-term care or nursing home care. Nor do they offer the option of so-called “voluntary” insurance add-ons such as vision, hearing and dental.
However, some Medicare Supplement insurance policies incorporate benefits not covered under Original Medicare at all, such as travel expenses a beneficiary may incur if they experience an emergency in a foreign country.
Consumers have certain rights regarding the selection of a Medicare Supplement policy. Buyers also have federal and state legal protections. For example, some states offer a Medicare Supplement product called Medicare Select. This type of policy comes with a built-in and required network of hospitals. If you buy a Medicare Select policy, you have 12 months to change your mind after the purchase and switch to a regular Medicare Supplement plan. In addition, it is illegal to sell someone a Medicare Supplement policy if you have a Medicare Savings Account Plan (MSA).
YourMedicare.com takes pride in providing you as much information as possible concerning your Medicare options, but only a health insurance broker licensed to sell Medicare can help you compare your plan options from various insurance companies. When you’re ready, we recommend you discuss your needs with a YourMedicare.com Licensed Sales Agent.
This content was created and copyrighted by the Medicare Rights Center ©2020. Medicare Rights Center is a national, nonprofit consumer service organization that works to ensure access to affordable health care for older adults and people with disabilities. These materials are presented here with support from YourMedicare.com and may not be distributed, modified or edited without Medicare Rights’ consent.