Does medicare require you to have supplemental policy from private carrier many thanks to all?

Question

Does medicare require you to have supplemental policy from private carrier many thanks to all?

Answer 1

Zarnev's answer is spot-on.  Supplemental insurance can be purchased through the Medicare Supplement programs, or you can pick-up a private carrier.  Take great care in considering the cost : scope of benefits; your retirement income will factor in heavily.  If you are 50+, then AARP is a good source for more information.

Answer 2

No, but keep in mind medicare part A only covers you at 80/2 with a yearly deductible.  Part A is for hospital only.  Part B you have to enroll in, and will cover office visits.  Part D is for prescription drug coverage.  If you are relatively health a supplemental policy is not neccesary.  Be careful if you decide to get a supplemental policy.  Ask if it is non-duplicative or come out whole.  If it is non duplicative then this policy will most likely never pay unless the percentage is higher such as 90/10.  However there are not many policies that are this high of coverage.  If it is Come out Whole then it will pay all the way up to the medicare allowed amount.  Research it more and if you have questions you can always call medicare.

Answer 3

No, Medicare does not require you to have a supplemental policy. Keep in mind, though, that after deductibles and co-insurance Medicare pays 57% of the average seniors' medical charges.

Medicare Part A is hospital; you have a $1024 per occurance deductible. If you stay in the hospital over 60 days you are then paying over $200 per day; over 90 days you pay nearly $500 per day.

Medicare Part B is doctor and outpatient. You have a $135 yearly deductible then are paying 20% of the total charges with no maximum.

Medicare does not cover prescriptions, so you need a Part D plan from a private carrier. If you do not sign up there are time restrictions and penalties should you ever need it.

Medicare Part C is the Medicare Advantage plans, many of which have a $0 premium and also cover prescriptions. You will have co-pays with most procedures but will not have a deductible in most cases. I see no reason not to have at least a Medicare Advantage plan.

Medicare Supplements do not have co-pays and do not have drug coverage. The most commonly selected plans are Plan F and Plan J. Both will have a premium of over $100.

Medicare does not pay for long term care and will only pay for short term skilled nursing for a maximum of 100 days; for long term care you will need a private policy.

Answer 4

No, it doesn't.  You're welcome to pay all the uncovered parts out of pocket.

Answer 5

no, that is a choice . if you dont then you will have gaps in your plan.  20% coinsurance , deductables for hospital and outpatient care  good luck.  nick d

Answer 6

Some Medicare supplement health insurance is called MediGap insurance which refers to the financial gap that it covers from what Medicare pays and what the patient will still be required to pay. Better consult AmericanVistas dot com website because heard its for senior citizens.