Part A plus Part B gives you your choice of any Medicare Supplement policies.
Now that you’ve decided to have Original Medicare Part A, also known as hospital insurance, and Part B also known as the medical insurance, you get to advance to GO on the Medicare play board where you see the neon lights shouting: Get your “Medicare Supplement Policies” here. That’s the good news. The bad news is the policies are not free.
It’s called “freelancing” and it’s wise to check your mail frequently once you’re onboard with Medicare Part B. Insurance companies are like moss on a Mississippi tree stump, and send out information flyers touting their company and their supplemental policies. It’s not against any law, but don’t be pressured into taking the first one you open. It’s a competitive business.
Here’s a quick answer. It’s one you can afford. It works this way. Medicare is an 80/20 plan which means Medicare pays 80 percent; you pay 20 percent of the bill. The supplement or medigap can pay your 20 percent, and depending on the plan you choose can also pay the Plan A hospital and the Plan B doctor visit, as well.
You can do that by contacting Medicare.Gov and ask for a list of all the approved insurance companies. Then locate the ones that are closest to where you live. From that point on you’ll be on your own to make the right choice.
Shop and compare policies. Prices will differ but the benefits will all remain standard. Review each policy for the coverage your family needs.