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5 things to know when shopping for a Medicare Supplement plan

by Lauren Mandel

If you’re eligible for Medicare, you may want to consider a Medicare Supplement policy. These plans can help close any gaps in your current Medicare coverage by helping to pay for certain costs like copayments. At the end of 2015, almost 20 million Americans had a Medicare Supplement plan.

Not sure if a Medicare  Supplement plan is right for you? Here are 5 things you should know while shopping for a policy.

You cannot get Medicare Supplement until you have Parts A & B. You’ll like be automatically enrolled in Part A around your 65th birthday, but for Part B, you’ll most likely need to call your local Social Security office to actively enroll. Once you acquire both parts, you’ll be able to move forward with exploring Medicare Supplement plans.

The best time to buy a Medicare Supplement policy is when you’re first eligible. Although you may still be able to get a Medicare Supplement plan after this time period, there may be fewer plans available or your options may be more expensive.

You’ll need separate Medicare Supplement policies for you and your spouse. A Medicare Supplement plan only covers one person, so if your spouse is also looking to close gaps in his or her coverage, encourage them to get their own policy.

Your Medicare Supplement premium is separate from any premium you might pay for Part B. And remember: your coverage will only be active once you pay your first month’s premium.

There are some benefits a Medicare Supplement plan won’t cover. If you need things like dental or vision coverage, consider looking at separate plans for these benefits to ensure you have the complete coverage you need.

Ready to explore your Medicare Supplement plan options? Call 855-457-5249 to start the enrollment process today.



This information is for educational purposes only. Medicare has neither reviewed nor endorsed this information.

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