Medicare Supplement
Medicare Supplement Insurance, also known as Medigap, is designed to help cover the out-of-pocket costs that Original Medicare (Parts A and B) doesn’t pay for. These costs can include deductibles, copayments, and coinsurance, which can add up over time, especially if you require frequent medical care. Cameron Insurance and Financial Services offers a range of Medicare Supplement Plans to help you manage these expenses and protect your financial well-being.
Original Medicare provides essential coverage for hospital stays, doctor visits, and preventive services, but it doesn’t cover everything. For example, after you’ve met your Part A deductible, you’ll still be responsible for coinsurance payments for hospital stays longer than 60 days. Similarly, with Part B, there’s a 20% coinsurance for most medical services after you’ve met the deductible. This can leave you with substantial out-of-pocket costs if you need ongoing medical care or have a serious health condition.
Medicare Supplement Plans, often called Medigap plans, are designed to fill these gaps by covering many of the out-of-pocket expenses left by Original Medicare. These plans can provide peace of mind, knowing that your healthcare costs will be more predictable and manageable. Medigap plans are standardized across most states, so Plan A, Plan B, and Plan G will offer the same benefits no matter which insurance company offers them.
At Cameron Insurance and Financial Services, we help you explore different Medicare Supplement options, ensuring you find a plan that fits your healthcare needs and budget. One of the key benefits of a Medigap plan is that it allows you to see any doctor or specialist who accepts Medicare, giving you flexibility and freedom in your healthcare choices. Additionally, Medicare Supplement Plans do not require referrals to see a specialist, further simplifying your healthcare experience.
Medigap policies are renewable as long as you pay your premiums, which means you’ll have coverage even if your health conditions change. However, Medigap plans do not cover prescription drugs, so you may need to enroll in a separate Medicare Part D plan if you require medication coverage.
Contact Cameron Insurance and Financial Services today to learn more about Medicare Supplement Plans and how they can help you reduce out-of-pocket costs and protect your financial future.