If you are aged 65 or older and are currently receiving Medicare, which is a government funded medical insurance plan, you probably are aware of the difficulties in getting all of your medical needs covered. Medicare is simply basic coverage, which means if you visit the doctor and have prescriptions that need to be routinely filled or if you are hospitalized, you will be required to pay a co-payment or perhaps even the full amount for prescriptions. Medicare supplement insurance is designed to pick up where your Medicare insurance leaves off. The first step to purchasing additional insurance is to find a reliable Medicare supplement insurance agent. Here are some tips to finding an agent and to getting the best supplement insurance for your needs.
Finding a Medicare Supplement Insurance Agent
There are several options available for finding an agent to help you purchase supplemental insurance. For instance, you can contact the insurance agent that provided you with your auto or home insurance policy, or you can contact Medicare directly for information regarding insurance agents. However, in many situations a local independent Medicare supplement insurance agent will be able to offer you a greater variety of options and costs. Another way to find an agent that can help with supplemental insurance is by contacting your local senior services center or you can talk with friends and family for recommendations.
Choosing the Best Supplement Insurance
Once you have found a Medicare supplement insurance agent, you will need to discuss the type of supplement insurance you are interested in. For instance, if you have frequent hospitalizations, you may be interested in obtaining what is known as Part A deductible insurance, which helps to cover the deductibles you may be required to pay following a hospital stay. In some situations, Medicare will cover anything after the original $1000 deductible has been paid, your supplemental insurance will cover this $1000, which means you will pay zero to very little for the required deductible. Another option is obtaining supplement insurance that pays all or most of your prescription costs.
It's important to keep in mind that supplemental insurance varies in cost and coverage, so be you fully understand the specific type of supplement insurance that is being offered by your independent Medicare supplement insurance agent. Also, keep in mind that in most situations, the policy you choose may have a required enrollment period, which means you will not be able to add or change the coverage you purchased for at least one year. Contact an agency, like Ulrichs-Cole Insurance, for more help.