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What Is the Purpose Of Supplemental Medicare Health Insurance

Published at 03/15/2012 12:35:34


Supplemental Medicare health insurance is an insurance policy that covers the costs that a primary medical insurance does not cover. A primary medical insurance has many constraints. Due these constraints, it is not always possible to have each medical condition insured. This is when a supplemental Medicare health insurance comes in handy. An individual has to pay a certain premium for primary Medicare insurance. Similarly, supplemental Medicare health Insurance also requires a monthly premium. If one keeps paying the premium on time, the supplemental Medicare health insurance will automatically be renewed each year.


Supplemental Medicare health insurance is available in 10 packages. The packages are named Plan A, Plan B and so on until Plan N. These insurance policies are solicited by a number of companies but all plans are regulated directly by the government. The government has set standards for each plan – thus the clauses of the plans do not vary no matter which company one buys them from. However, the premiums for each company may vary - the same plan may have different premiums depending upon the company. A standard Medicare insurance can be used to cover medical expenses incurred by the husband as well as the wife. But this is not the case with supplemental medical health insurance – this is type of insurance is limited to just one individual. This means that two separate insurances are required for husband and wife.

A person can buy a supplemental Medicare health insurance provided that he or she is already part of Medicare type A and Type B. For people who are about to turn 65 years old – the best time to buy a supplemental Medicare health insurance is during the open enrolment period. The open enrolment period commences during the first month of the concerned individual’s 65th birthday and lasts for 6 months thereafter. This cycle repeats each year. The benefits of the open enrolment period are that no company can refuse to provide an individual with supplemental Medicare health insurance. Also, no company may charge you extra money for any medical condition that you may be suffering from.


Another benefit of having a supplemental Medicare health insurance is that the insurance cannot be annulled if the person pays the premiums on time. Depending upon the plan that a person buys, the coverage from a supplemental Medicare health insurance is coordinated with the coverage of the primary medical insurance. A person who has a supplemental Medicare health insurance is eligible to receive medical insurance coverage anywhere is the country. Some plans also provide medical coverage in foreign countries in case of an emergency.

Tips and comments

In 2011, approximately 11,000,000 senior citizens received the benefits of supplemental health Medicare insurance. The most popular plan was plan F. Plan F accounted for 45 percent of all insurance plans that were sold in 2011. There are several reasons for the popularity of Plan F. The biggest reason is that the plan has a relatively low monthly premium and provides very good coverage on all the constraints (or gaps) of a primary Medicare insurance. Also, the plan enables an individual to opt for any doctor as long as the doctor accepts Medicare.


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