Independent Insurance Producer, Paul J Rosen Financial Services Inc., Plainview, New York
Medicare Supplemental Insurance though voluntary, in my professional opinion, is needed to pay the many dollars Medicare Part A and B do not cover. Many people don't realize the Part A deductible of $1216 in 2014 is a per hospitalization benefit period deductible and not a per calendar year deductible as is the Part B deductible. The Part B coinsurance on Part B has no stop loss, resulting in an unlimited liability.
Medicare Part A & B covers less than 80% of your healthcare expenses. The remaining 20%+ does not have a limit. You can imagine how quickly that bill can add up with surgery or a ongoing illness that you need care for.
Medicare Part A & B along with a Medicare Supplemental plan is great health insurance. Depending on which plan you pick you will have little to no out of pocket costs. The flexibility is also another key. There is no network so you can see any doctor or hospital in any state you like. If they take Medicare they will take the Medicare Supplement regardless of the carrier. The policy will also help protect you against further cuts to Medicare. The benefits to a Medicare Supplement policy can not change.
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Medicare Part A & B along with a Medicare Supplemental plan is great health insurance. Depending on which plan you pick you will have little to no out of pocket costs. The flexibility is also another key. There is no network so you can see any doctor or hospital in any state you like. If they take Medicare they will take the Medicare Supplement regardless of the carrier. The policy will also help protect you against further cuts to Medicare. The benefits to a Medicare Supplement policy can not change.