What Does Medicare Supplements Insurance Cover?
Medicare supplement insurance, also known as Medigap, is designed to help cover some of the healthcare costs that original Medicare doesn’t pay for.
Homestead Insurance Agency provides medical supplements insurance in Medina, OH, Brunswick, OH, Valley City, OH, Litchfield, OH, Fairlawn, Strongsville, Hinckley, OH, and surrounding areas.
These are some points outlining what medicare supplement insurance typically covers:
- Medicare Part A Coinsurance and Hospital Costs: Original Medicare Part A covers hospital stays, but it requires beneficiaries to pay a deductible before coverage kicks in. Medicare supplement insurance can help cover this deductible, as well as any coinsurance costs for hospital stays beyond what Medicare covers.
- Medicare Part B Coinsurance or Copayments: Medicare Part B covers outpatient services like doctor visits, preventive care, and durable medical equipment. However, it requires beneficiaries to pay coinsurance or copayments for these services. Medigap plans can help cover these out-of-pocket costs.
- Blood: Original Medicare only covers the cost of blood after the first three pints. If you need more blood, you would typically have to pay for it yourself. Medicare supplement insurance can cover the cost of additional blood beyond what Medicare pays for.
- Skilled Nursing Facility Care Coinsurance: If you require skilled nursing care after a hospital stay, Medicare covers a portion of the cost for a limited time. After that, you’re responsible for coinsurance payments. Medigap plans can help cover these coinsurance costs.
- Foreign Travel Emergency: Original Medicare generally doesn’t cover healthcare expenses incurred outside the United States. However, some Medicare supplement plans offer coverage for emergency medical care during foreign travel, up to a certain limit.
- Some Additional Benefits: Depending on the specific Medigap plan you choose, you may have access to additional benefits such as coverage for Medicare Part A hospice care coinsurance or copayments, coverage for skilled nursing facility care beyond what Medicare covers, and even coverage for preventive care coinsurance under Medicare Part B.
It’s important to note that while Medigap plans offer coverage for certain out-of-pocket costs associated with original Medicare, they do not cover services that Medicare doesn’t cover at all, such as long-term care, vision, dental, or prescription drugs.
If you would like to discuss your specific situation or have questions, please don’t hesitate to call or email.
