Addition to Medicare
Medicare is the federal health care program that provides health insurance coverage to those 65 and over, but it doesn’t cover everything.
If you’re retired and relying solely on Medicare for your healthcare needs, it may be worth considering additional plans to supplement what Medicare doesn’t provide. Here are a few additional types of insurance you should consider if you have Medicare.
Supplemental Plans
If you have Original Medicare, which consists of Part A (hospital insurance) and Part B (medical insurance), you can purchase supplemental plans from private companies to help cover deductibles, co-insurance, and other out-of-pocket expenses.
These plans are known as Medigap plans and are designed to fill in the gaps left by Original Medicare. There are several different types of Medigap plans available and each offers a different set of benefits; research these carefully before deciding which one is best for you.
If you would like to see quotes for Medicare supplement plans in your area, use the form below:
Dental Insurance
Dental care isn’t covered under Original Medicare or most supplemental plans, so if dental services are important to you in retirement then it’s worth looking into getting a separate dental plan.
Fortunately, there are many options out there, most of them quite affordable. You can find both HMOs and PPOs that offer various levels of coverage depending on your needs and budget. Dental discount plans can take the place of insurance if you only want to pay an annual fee. Look into your different options to discover more.
Vision Insurance
Original Medicare also doesn’t cover vision services such as routine eye exams or eyeglasses/contact lenses. Luckily there are many affordable vision insurance plans available from both private companies as well as employer-sponsored programs that provide coverage for these services at discounted rates. Make sure to read all the details about each plan before making a decision; some may have restrictions or exclusions that could affect your final decision. Caring for your eyes, especially as you age, will pay dividends, so don’t skimp on your vision insurance.
Supplementing your Original Medicare plan with additional forms of health insurance can be beneficial for retirees seeking more comprehensive coverage without breaking their budget. Research all your options carefully before committing to any specific plan; this will help ensure that you select the best one for your needs while still staying within your budget limits. With careful consideration and planning, you can make sure that your retirement years are healthy ones!
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