Considering Medicare Supplement Insurance Plans? Here are few factors that could help you make a sound decision:
1. Medicare Supplement plans do not replace the government Medicare programs. Supplement plans, also known as Part C plans, cover additional benefits not covered by Medicare Parts A & B.
2. Part C plans do not cover prescription drugs. You need a Medicare Part D plan, usually sold separately, to gain prescription benefits.
3. Although you may have heard otherwise, the Affordable Care Act (Obamacare) has not eliminated Part C plans. The new health law does affect how insurers are reimbursed, which could lead some plans to change or eliminate some services.
4. Every Medicare Supplement insurer offers the same standard benefits. You should choose a plan based on its reputation, customer service and cost.
5. Medicare Supplement Insurance has an Open Enrollment window. The first takes place within three months before or after you turn 65. If you change your mind about having Medicare Supplement Insurance after that, you can add coverage or go back to standard Medicare during an annual Open Enrollment window.
Bernardini & Donovan Insurance Services can help you review your options and decide what kind of Medicare coverage works for you. To learn more or make an appointment, contact us.