How to Choose the Right Medicare Supplement Insurance Plan for You: Tips from a Supplemental Medicare Provider in Valparaiso, Indiana

Medicare provides comprehensive health insurance coverage to Americans over 65 years of age and individuals who suffer from certain disabilities. Medicare comes in two parts — Medicare Part A (hospital insurance) and Medicare Part B (medical insurance). While Part A and Part B provide coverage that some seniors will be able to use throughout their lives, many individuals will have to rely on additional health insurance coverage to supplement what they receive through Medicare.

Are you on the lookout for the best Medicare supplement insurance plan (also known as Medigap or Medicare Supplements) available to help cover your medical bills and the costs associated with hospital stays and doctor visits? A good supplemental insurance plan can help fill the gaps that traditional Medicare does not cover — but it is not always easy to find the right plan that meets your specific needs and budget.  That’s where we can help. Below, this supplemental Medicare provider in Valparaiso, Indiana is going to provide some tips on how to choose the right Medicare supplement insurance plan for you.

Questions to Ask Yourself

Original Medicare only covers 80% of your medical expenses, which is why it’s important to have supplemental coverage. Enrolling in a Medigap plan through a supplemental Medicare provider in Valparaiso, Indiana can help cover that other 20%. But there are ten different types of Medigap plans, and it can be tough to know which one is right for you. If you are looking to compare, here are some key questions to ask yourself when deciding on what kind of Medigap plan might be best:

What Kind of Coverage Do I Need?

The first thing you will want to consider when choosing a Medigap plan is how much coverage you need. An extended-coverage plan may be worthwhile if you have ongoing healthcare needs, such as hearing aids or therapy.

How Much Will My Cost Be?

You will also want to consider your budget to choose the best plan for you. Some plans charge higher monthly premiums but lower out-of-pocket costs like copayments, coinsurance, and deductibles. Other plans charge lower monthly premiums but higher out-of-pocket costs. For example, a plan with less coverage may cost less each month but mean more out-of-pocket expenses per doctor’s visit. On the other hand, a plan with more coverage may mean a bigger up-front investment but could save you money in the long run by reducing your out-of-pocket costs.

What Type of Company Is Offering the Plan?

It’s important to ask your supplemental Medicare provider in Valparaiso, Indiana which company will be offering the plan. When considering which company is right for you, make sure to research their prices and quality of service as well. It is always a good idea to read customer reviews online to get a sense of what people say about the company. Asking friends and family members who they use may also be helpful.

All ten standardized plans offer comprehensive coverage designed to protect you from many costs associated with a major illness or injury. The plans are not identical, so it is important that you read through each one carefully before deciding which one is best for your needs.

Final Thoughts

Medicare Supplemental Insurance Plans help fill the gaps in Medicare coverage that Original Medicare doesn’t cover, such as copays, deductibles, and coinsurance. Choosing the right plan involves understanding how they work and deciding what you need. These are two big tasks, but they can be made much easier when you partner with the right supplemental Medicare provider in Valparaiso, Indiana.

Looking for a Supplemental Medicare Provider in Valparaiso, Indiana?

Are you looking for a supplemental Medicare provider in Valparaiso, Indiana that can help you find the right coverage? If so, Senior Care Insurance Services (SCIS) is here to help. We have qualified and experienced insurance agents who can help you decide which Medigap policy best matches your needs and financial situation. Contact us today to get started.


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