Supplemental Insurance for Retirees
What is the best supplemental insurance for retirees?
Retirees may need supplemental insurance to cover out-of-pocket costs not covered by Medicare or Medicare Advantage. Hospital indemnity insurance and critical illness insurance can help cover these costs. An independent agent can compare supplemental insurance options for retirees.
Key Points
- Retirees: may need supplemental insurance for Medicare out-of-pocket costs
- Hospital indemnity insurance: helps cover Medicare out-of-pocket costs
- Critical illness insurance: lump sum for serious diagnoses
- An independent agent can compare supplemental insurance for retirees
- Medicare Supplement: alternative with more predictable costs