Medicare Insurance provides seniors age 65+ with additional options to supplement Medicare. Generally speaking, Medicare only covers 80% of your doctor and/or hospital bills. The rest is up to the individual to cover. As a result, seniors are increasingly turning to medicare insurance to help offset what Medicare doesn’t cover. These options include Medicare Supplemental Insurance which often covers costs that Medicare doesn’t pay; Medicare Advantage plans which are private insurance plans as an alternative to Medicare and Medicare Part D which is optional prescription drug coverage.
How Does Medicare Insurance Work?
Medicare Insurance providers offer options to enhance Medicare. These products add on to Medicare by generally covering the gaps in Medicare coverage. We encourage consumers to independently research providers and compare costs, coverage, premiums, etc.
What Are The Different Types of Medicare Insurance?
There are several factors to consider before deciding to proceed with medicare insurance. As with any large decision, it’s helpful to have an understanding of the pros and cons associated. Some of them include:
Medicare Supplement Insurance, also known as Medigap:
Medicare Advantage, also known as Part C:
Medicare Part D, also known as Prescription Drug Coverage:
What is the Process of Getting Medicare Insurance?
The process of getting medicare insurance is straightforward and typically entails the following steps:
How We Rate Medicare Insurance Providers
We independently identify medicare insurance companies. From there our editors review them in a myriad of ways from impartially secret shopping to checking consumer reviews to validating fees, types of products offered, and time to close amongst other criteria. Our goal is to present objective representations of companies to give consumers informed information to make a decision.
We do receive advertising compensation from some partners. For additional details please click here.