Medicare Supplemental Insurance Definition

Medicare supplemental insurance is a government-funded insurance program designed for people 65 years and older or for people who are disabled. Also called medigap there are five parts to this insurance: basic, part A, part B, part C and part D. Basic Medicare insurance covers the basics, so there are some things the insurance will not cover. It will not cover any kind of in-home, assisting or nursing home care nor will it cover certain illnesses. It will cover some prescription medication but it will not cover all of it. Part A covers hospital care. It pays for a semi-private room, food, tests and doctors’ fees too. This may or may not cost anything. To get the other three will cost extra. They require paying for deductibles, enrollment fees every month and co-insurance payments. Plan B covers outpatient care. It covers doctors and therapy including purchasing canes, walkers, scooters, wheelchairs, and limbs. Plan C covers HMO, PPO and other organization related to it. Plan D covers prescription drugs. Depending on the insurance plan picking any one of these four will have the person covered pay the deductible and Medicare paying the rest OR Medicare will pay for all of it.

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