There are many implications to not having a Medicare supplement policy. Mainly, you will not be able to have all your hospital and/or hospice expenses covered. Basic Medicare plans A and B only cover very few things when it comes to your insurance. Your first couple of days in the hospital and certain treatments may be covered, but after that you are on your own. You will get a huge bill for out of pocket expenses with no option but to pay them. You could have been paying insurance for the past ten years, but when you need it the most you will have to pay most of the hospital expenses yourself.
The best way to get around the implications of not having a Medicare supplement policy is to get one. After all, you can drastically reduce the amount of out of pocket expenses you have to pay and you can rest assured that if you, or a loved one, gets sick you will be able to receive the care you need without having to fret about the financial implications. There is a big difference between paying for 3 days in the hospital or paying for 6. It may seem trivial, but it can add up to thousands of dollars that you will have to take out from your savings for a medical emergency. Instead, prevent this situation by getting Medicare supplement insurance. You will be protected far better and you will have a much better Medicare plan.