Medicare Supplement Plans

Medicare supplement plans or “Medigap” covers the 20% cost that traditional Medicare does not.

Medicare supplements don’t cover dental, optical, hearing or prescription drug coverage; typically an additional stand alone plan is required.

Medicare supplement plans are the Cadillac of medical plans. MSP’s cover the 20% that standard Medicare for parts A and B do not. This is advantageous in that enrollees in a medicare supplement plan do not have to decipher or pay complicated medical bills. This is very important to many medicare clients.

This advantage is not without disadvantages however MSP does not cover dental optical, hearing, or prescription drug benefit. Nor does it provide spending for OTC (over the counter) health related products. And finally cost – medicare supplements can cost as much or more than original Medicare and will require a stand alone prescription drug plan at additional cost.

Don’t like medical and doctor bills? Get a MSP but you will also need an additional prescription, drug coverage and you are on your own for dental optical and other benefits.