What should you know about the medicare supplement plan?

Medicare supplement plan is known to be some kind of health insurance that is to offer coverage within the Part C of Medicare in America. This insurance plan is likely to pay for a managed health care depending on the monthly fee per enrolled, instead of on basis of the billing of every medical service provided for the un-managed healthcare services.


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More on the plan

·Most of the Medicare plans are PPOs (Preferred Provider Organizations) or HMOs (Health Maintenance Organizations. This plan is likely to finance at same medical services as the ‘Original Medicare’ part A and Part B Medicare finance. The Part C plan is there to finance various additional services. The Medicare supplement beneficiary is required to first sign up for both Part A and B of Medicare.

·All of the four Medicare parts such as A, B, C and D are properly administered by the private companies under the contract to Centres for Medicare and Medicaid Service. All of these companies are mostly insurance companies, except for the companies that generally administer medicare supplement and the other Part C plans.

·The Medicare part A is there to provide the payments for the in-patient hospitals, skilled nursing services and hospice. On the other hand, part B is likely to provide the payments for the physical and the surgical services.


Medicare supplement is needed to provide some benefits package that is at least supposed to be equal to the Original Medicare. This plan is there to pay for various additional expenses and costs which are not covered by the original medicare plan.


The medicare supplement plans are needed to limit the out-of-the pocket spending by the beneficiary for the Part A and Part B to no more than around $6,700 every year for the in-network providers. OOP limit might be higher for the out of the network providers in PPO. Average OOP limit in the year 2016 was about $5000. You are supposed to remember that OOP limit is not known to be deductible which is quite contrary to the popular believe.

Do your research

If you are 60 years or older, and you already have original medicare plan then you are supposed to be eligible for medicare supplement plan. If you do not have this plan, then you may have to pay a lot of money from your own pocket if needs arise. You have every reason to go for this plan.