Supplemental insurance is similar to other
lines of insurance - such as life or health insurance - but it is
not meant to be your only means of protection. While major medical
or life insurance policies can provide the bulk of benefits to your
family after an illness or loss, supplemental insurance benefits
can be used to pay for unexpected out-of-pocket expenses.
Medicare Supplement policies in most states
fall into 12 standardized plans. They are designated by the letters
A through L. Plans F and J may also be offered in high-deductible
versions. Plans K and L provide for different cost sharing and may
have lower premiums. Medicare Select policies are similar to
Medicare Supplement polices except that they have lower premiums
and certain network restrictions.
Medicare Supplement Plan A offers basic
benefits. Plans B through J offer additional specified combinations
of benefits such as skilled nursing co-insurance, Medicare Part A
and B deductibles, Part B excess charges, foreign travel emergency,
and at-home recovery.
Note: Not all options are available in all
policies or in all states.
Med Supp Things to
Consider
