Do I Have To Have A Supplemental Insurance If I Qualify For Medicare?

Supplemental insurance policies are sold by insurance companies to individuals who qualify for Medicare. These policies help to plug any gaps that the Medicare policy may have. This is especially so because it is apparent that Medicare cannot pay for all medical costs that its members incur. Medical supplemental insurance was established as a response to this deficit in the Medicare insurance policy. Having Medicare insurance is an important way of lowering ones medical bills although you may be wondering, do I have to have supplemental insurance if I qualify for Medicare? Here are a few tips to help you answer that question.

Supplemental Insurance is automatically Accessible on Qualification for Medicare

Medicare general criteria are fairly straightforward and accessible to most Americans on attaining 64 years of age. In addition, having any form of disability qualifies one for Medicare despite one’s age. Medical supplemental insurance is an important avenue by which the inadequacies of Medicare are addressed. This means that much as it may not be requirement to have medical supplemental insurance, it does go a long way towards lowering those medical bills.

Medical Supplemental May Not Be Necessary In Particular Circumstances

You may not have to have supplemental insurance if you qualify for Medicare if you do not have significant medical bills. This is because supplemental insurance requires that you pay premiums in addition to your Medicare premiums. This is because you have to be part of Medicare Part A and B in order to qualify for Medigap.

Medigap Policies Are For Individuals

Medical supplemental insurance is taken out on an individual basis. This means that if you do not have substantial medical bills but your spouse does, you may waive your right to have it in favor of your spouse. This lowers the overall insurance premiums paid out by your household.

4 Responses to “Do I Have To Have A Supplemental Insurance If I Qualify For Medicare?”

  1. [...] are two parts to Original Medicare coverage. Medicare Part A is the insurance that covers all forms of inpatient care. This includes hospitalization, skilled [...]

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  4. Donna says:

    Should I keep my United Health Care Banner East Valley through Medicare and purchase a Supplement as well?
    My Pain Management Doctor does not take the Banner East Valley through United Health, however some of the situations I find myself in do accept AARP United Health Banner East Valley. Is it a good idea to carry “both” carriers? I am a widow my husband died 6 years ago at age 48 from Cancer and I am not sure how these Policies work. Should I keep “both” Medicare and also purchase the Supplemental? Thanks for your help.