Art of Medicare Blog
COVID-19 has wholly altered the lives of people around the world. Many of them are realizing that the pandemic might stay longer than expected. As a result, COVID-19 has brought so many uncertainties to millions of Americans.
Americans are becoming more aware that getting health coverage is a wise decision. Medicare Supplement insurance could prove to be valuable in these challenging times.
How Does Medicare Supplement Works?
Medicare Supplement is a type of insurance that helps augment the policyholder’s Original Medicare. It is also known as Medigap insurance. It provides additional coverage that can pay a portion of healthcare expenses excluded from the Original Medicare insurance. In other words, it is extra protection that can reduce the expenses by plan holders coming out of their pockets.
Under the Medicare Supplement, individuals can choose among the ten available plans. It comprises plans A, B, C, D, F, G, K, L, M, and N, and they can select the plan that suits their needs.
Coverage of the Policy
Once enrolled in a Medicare Supplement plan, a policyholder’s out-of-pocket costs will be meager. The plan can cover the out-of-pocket expenses from hospital insurance (Medicare Part A) and medical insurance (Medicare Part B).
Typically, Medicare Part A covers inpatient hospital stays, limited home healthcare services, hospice care, and skilled nursing care. Meanwhile, Medicare Part B covers preventive services, doctor visits, alcohol use counseling, flu or pneumococcal shots, chemotherapy, diabetes screenings, etc. The Medicare Supplement plan provides coverage for the out-of-pocket costs resulting from hospital and medical services.
The advantages of the policy are it is accepted by any doctor or hospital participating in Medicare, and there is little paperwork involved in it.
However, prescription drug coverage (Medicare Part D) is not included in the plan. But a policyholder can get a separate plan for Medicare Part D if necessary. Vision and dental care, hearing aids, and private-duty nursing are also not covered by Medicare Supplement.
COVID-19 has made the everyday lives of workers and ordinary Americans risky. There is always the possibility of contracting the virus in any place that they go. Hence, it is essential to have health coverage that can cover healthcare expenses. However, most health insurance has gaps in its scope; that is why people need Medicare Supplement. It complements most health insurance by offering additional health coverage.
At Art of Medicare, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (702) 776-7726. Get your free quote today by CLICKING HERE.