Do I Really Need Supplemental Insurance with Medicare?

Greg Wilson

Updated on:


    Are you enrolled for Medicare and still contemplating whether you need a Medicare supplement plan?

    Then it would be best if you read this article to know everything about the Medigap policy and why you may have to rethink it.

    What is a Medicare Supplement Plan?

    Medicare Supplement Plan is a health insurance policy issued by private insurance companies to cover some of the health services expenses that aren't covered by Original Medicare (Medicare A and B), including copays, coinsurance, and deductibles. Kindly note that Medigap does not replace Original Medicare.

    According to Medical Resources, only 19% of Original Medicare beneficiaries have not enrolled for the Medicare Supplement Plan, which reveals the importance of the Medigap policy.

    Why Do I Need a Medicare Supplement Plan?

    The importance of Medicare can not be over-emphasized, most importantly, a Medicare Supplement Plan. 

    Some of the benefits are:

    ● It covers Part B coinsurance and copayment.

    ● It covers Part B excess charges.

    ● It covers skilled nursing facility care costs.

    ● It covers the first 3 pints of blood.

    ● It covers additional 365 days of Part A coinsurance and hospital costs after Medicare benefits are used.

    ● It provides durable medical equipment

    ● It covers Medicare Part A deductible

    ● It covers Medicare Part B deductible

    ● It covers overseas hospital care bills.

    ● Medigap Plans K and L pay 100% of covered services annually after meeting the out-of-pocket limit and paying your Medicare Part B deductible.

    Although Medicare Supplement plans cover many healthcare services, it doesn't cover all. The benefits that aren't covered include vision, hearing aids, long-term care, dental services, private-duty nurse or doctor, and eyeglasses.

    How To Enroll for a Medicare Supplement Plan

    You are now aware of the enormous benefits of a Medicare Supplement Plan, which you can't afford to miss. So it's time to take the next step and get enrolled!

    Enrollment on Medicare involves just a few easy steps. First, please note that the best time to enroll in Medicare is during your six-month open enrollment period, which starts counting when you turn 65 and enroll in Medicare Part B. It is considerably cheap during this period.

    The following are the steps you need to take to be enrolled. 

    • Read each Supplement Plan from Plan A to Plan N thoroughly, understand each and the benefits they offer, then choose the one that addresses your present and future health needs.
    • For example, research the health insurance companies in your state that offer the Medicare Supplement plans you want. Examine each of them and choose the one that satisfies your budget. Log on to and enter your zip code; the closest companies to you will be disclosed. 
    • Reach out to the insurance company and ask for a quote, then opt for your preferred Medicare Supplement Plan


    Having a Medicare supplement plan is excellent. If you don't have one, it's time to enroll because your failure to do so may cost more in the future. And as the adage goes, “Health is wealth.” It's time for you to protect your wealth.

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    If you qualify for Medicare but don't know where to start, we have licensed insurance agents ready to answer your questions and help you enroll in Medicare Advantage, Medicare Supplement Insurance, and Prescription Part D plans.

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