I have received my Medicare Card, Part A and Part B.Do I have to have a supplement plan?
I have received my Medicare Card, Part A and Part B. Do I have to have a supplement plan?
Original Medicare is coverage managed by the federal government. You generally have to pay a portion of the cost for each service covered by original Medicare. You will have original Medicare unless you choose a Medicare Advantage Plan, such as an HMO or PPO.
Medicare does not cover everything. If you need certain services that are not covered under Medicare Part A or Part B, you will have to pay for them yourself. Even if Medicare covers a service or item, you generally have to pay deductibles, coinsurance, and/or copayments. Some of the items and services that Medicare does not cover include:
✘ Most dental care
✘ Eye examinations related to prescribing glasses
✘ Cosmetic surgery
✘ Hearing aids and examinations for fitting them
✘ Long-term care
As I stated before, original Medicare pays for many, but not all, health care services and supplies. Medicare Supplement Insurance policies, sold by private companies, can help pay some of the health care costs that original Medicare does not cover, such as copayments, coinsurance, and deductibles. Medicare Supplement Insurance policies are also called Medigap policies. Medigap policies are not required, but can you imagine building a house and not putting a roof on it? What would be the outcome? Your heat would go up into the clouds. This would be equivalent to your dollar bills flitting up into the sky. Medicare without a supplement plan would do the same. You, the client, would be responsible for paying those high copayments, coinsurance, and deductibles. The supplement plans will keep your costs from getting out of reach.
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