Everything You Need to Know About Medicare Supplemental Insurance in Pensacola, Florida

More than 60 million people are covered by Medicare. Medicare covers a wide range of expenses, but sometimes there are gaps in coverage. Medicare Supplemental Insurance can fill those gaps and ensure more of your medical expenses are covered.

More people enroll in Medicare every day. There are many questions about Medicare, Medicare Advantage, and Medicare Supplemental Insurance Plans. In this article, we’ll explore Medicare Supplement Plans for beneficiaries in Pensacola, Florida.

What is Medicare Supplemental Insurance?

If you have Original Medicare (Parts A and B), you can choose to enroll in a Medicare Advantage Plan. Medicare Advantage provides Medicare Parts A and B, and often Part D with more benefits, but you will have co-payments. Medicare Advantage Premiums are traditionally low in and around Pensacola.

Or you can also choose a Medicare Supplement Insurance policy. A supplemental policy is separate from Medicare. It may cover some or all of your medical co-payments.

There are distinct differences between Medicare Advantage vs Medicare Supplement Plans.

Medicare Advantage

Medicare Advantage is a health plan from a private insurer that works with Medicare to provide your Part A and Part B benefits. It is an alternative to Original Medicare. Medicare Advantage plans usually offer prescription drug benefits.

Medicare Supplemental Insurance

Sometimes known as a Medigap Plan, supplemental insurance plans are just that – supplements to your Original Medicare coverage. They fill the gaps in your coverage like co-payments, coinsurance, and deductibles. These plans are provided by a private insurer and designed to allow you to keep Original Medicare.

It’s important to note you can’t enroll in both a Medicare Advantage plan and a separate supplemental insurance plan. It’s important to talk with an experienced advisor to understand the best Medicare Supplement plans for your needs in Pensacola, Pace or Milton Florida.

Choosing the Right Medicare Supplement

If you decide that a Medicare Supplement is the right option for you, there are some considerations when choosing your plan. Some policies will cover medical care if you travel outside the United States, while others do not. Supplemental Insurance Plans generally do not cover long-term care, vision, or dental services.

Enrolling in a Medicare Supplement Plan does not change your enrollment in Original Medicare. Medicare Parts A and B still cover your primary healthcare bills. But the supplement insurance may help with other costs Original Medicare doesn’t cover. There is also no network with a Medicare Supplement Plan, so you can go anywhere that accepts Medicare.

There are ten different Medicare Supplement Insurance Plans. Each covers a different amount of your medical costs. Each also has a different deductible and premium. Choosing the right plan can be confusing, but working with an experienced advisor can make things much simpler for you.

Cover More of Your Medical Expenses

Medicare is a tremendous help for millions of Americans. It covers a great deal of regular medical expenses, but there are some items it does not. Medicare Supplemental Insurance is a good choice to make sure you have coverage for most of your medical costs.

Contact us to discuss your Medicare Supplement Insurance plans available in Pensacola or your local area. Our experienced agents will help you compare costs, estimate your savings, and assist you with enrollment.