Medicare supplement insurance does their best every day to offer you the knowledge and information you need to be sure you receive the best Medicare insurance policy to fit your needs. Medicare covers a good bit, but sometimes it just doesn't cover everything. Medicare supplement insurance is an extra insurance policy that is provided by a private insurance company, to round out your insurance coverage and fill in any gaps in the coverage that Medicare provides. It is called a Medigap policy for that reason, it covers the gaps that Medicare Parts A and B are unable to. These include deductibles, co-pays, and many other expenses that really add up and can take their toll on a person's finances.
If you or someone you know has struggled financially with medical bills and expenses while on Medicare, you might consider looking in to Medicare advantage plans. With fourteen different plans available (Plans A through N), you're sure to find one to suit your needs. You can receive these surprisingly affordable plans without a medical exam during the "guaranteed issue period." This is great for those with pre-existing health issues, and once the coverage begins, the insurance company will not raise premiums and the policy holder is guaranteed the option to renew the policy.