Medicare and private insurance companies have teamed up to help reduce the out-of-pocket medical expenses that plague many seniors. This coverage is called Medicare Supplement Insurance. There are four parts to Medicare. Part A = Hospital Insurance (Inpatient Hospital Care & Hospice) Part B = Medical Insurance (Dr. Visits & Preventative Care) Part C = Medicare Advantage (Private Insurance Company Coverage, approved by Medicare) Part D = Prescription Drug Coverage Medicare Supplement Insurance helps you pay medical expenses that are not covered by Medicare. There are several different supplement plans and each serves a different purpose. Medicare Supplement Insurance helps you pay more of your medical bills, so that you will have little to no out-of-pocket costs to pay to doctors, hospitals, or pharmacies.
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