A Medicare supplemental policy is a type of insurance that helps you by covering the gaps in coverage that are left over by Medicare. These policies are sold by private insurance companies. The customers purchase them in order to make sure that any possible medical need is covered in their insurance. It is advisable to get a Medicare supplemental policy if you are going to need to use your insurance often.
You should get a Medicare supplemental policy as soon as possible. The younger you are when you purchase this type of policy, the less you will have to end up paying for it. If you are younger, then you are less likely to have to use your insurance. This translate to cost savings for you and the insurance company. Some may think that it is a better idea to hold off on getting this policy because it costs money, however this is not the right approach to take. For one thing, you never know when you are going to need health coverage. Secondly, you are going to actually pay less money if you go ahead and get your policy now.
Your rates on this kind of policy will go up over time. The frequency of rate increases is laid out in detail in the contract for the insurance before you ever sign it. It will tell you how much (usually a percentage figure) your insurance will go up and how often. The frequency is usually measured in a matter of years. Check with your insurance company if you want to check in on the details of your the particular policy that you are currently holding.