Supplemental Insurance for Medicare
What is the best supplemental insurance for Medicare Advantage?
Medicare Advantage plans have out-of-pocket costs including copays, coinsurance, and deductibles. Hospital indemnity insurance and critical illness insurance can help cover these costs. An independent agent can compare supplemental insurance options for Medicare Advantage enrollees.
Key Points
- Medicare Advantage: has out-of-pocket costs including copays, coinsurance, deductibles
- Hospital indemnity insurance: helps cover Medicare Advantage out-of-pocket costs
- Critical illness insurance: lump sum for serious diagnoses
- An independent agent can compare supplemental insurance for Medicare Advantage
- Medicare Supplement: alternative to Medicare Advantage with more predictable costs