Before you sign on the dotted line and choose a Medicare Supplemental Insurance Plan it is important that you become informed about what is best for you and your health situation.  It is important to know how each Medicare Supplemental Plan works in conjunction with Medicare Part A and B.

The first thing most participants are confused about is that you still belong to Medicare Part A and B even after you choose a supplemental plan. All the same benefits apply that come with Medicare Part A and B with the supplemental insurance plus the benefits that are acquired through the plan.

It is also important for you to know that all Medicare Supplemental Plans are standardized.  What this means is that your coverage is the same no matter what you pay or where you purchase the plan from.  The only difference will be the company, the level of service from their personnel and the price.

One issue that is near and dear to our hearts when considering health insurance is prescription drug coverage.  It is notable to understand that any Medicare Supplemental Policy you currently purchase will not come with prescription drug coverage.  This is something that needs to be purchased through separately and is referred to as Medicare Part D prescription drug coverage.

Later we will go in to more depth on when it is the best time to purchase Medicare Supplemental Insurance, requirements for eligibility and options within each plan.