Having a Medicare supplement policy is so vital because with regular Medicare there are so many out of pocket expenses that just cannot be handled in any other way. You do not want to be in a situation where you have Medicare plans A and B but you are still paying thousands of dollars of expenses out of your own pocket. What would be the point in insurance then? Sure, it will pay for the first three nights in hospital but what if you need to stay for 7 or 8 nights? You will be paying for insurance your whole life but you will still have to pay $2000 or $3000 at the end of your hospital stay.
That is why you must get a Medicare supplement policy in order to keep you and your family safe from out of pocket expenses. The key comparison to make is between Medicare supplement policy and any private supplemental insurance policies that might be available. While Medicap and Medicare supplement policy are good policies that will cover a lot of your expenses that would otherwise be out of pocket, there are advantages to private supplemental insurance as well.
These companies can provide cash when you have a certain medical emergency that you can use in any way you want. That can be a true gift at a time of need such as when you are ill or have suffered a disability. However, that is not to say that simply getting the Medicare supplement policy is not a great alternative. It will give you the piece of mind that you can survive most medical emergencies without having to dip into your savings to pay hospital fees.