Medicare supplemental insurance is very important for those eligible to receive Medicare from the federal government. It’s not a required insurance policy, but it will certainly save you money on things like deductibles, copayments and coinsurance. Here’s an overview of how Medicare supplemental insurance can help you.

Medicare Parts A & B Overview

Medicare is a government healthcare program for people over 65 years of age and other eligible segments of the population. Medicare has several parts to it that provide different coverages. For the purposes of explaining Medicare supplemental insurance, we’ll only cover Medicare Parts A and B. In general, Medicare Part A is also referred to as “hospital insurance” because it helps cover costs associated with inpatient hospital visits, and also hospice and home health care. Part B is also referred to as “medical insurance” because it focuses on costs associated with outpatient doctor visits and other preventative services.

Medicare Supplemental Insurance

Medicare supplemental insurance, which is also called “Medigap” insurance, is a private health insurance policy that helps cover the gaps in Medicare Parts A and B. These gaps include deductibles, copayments and coinsurance. Medicare supplemental insurance policies generally do not cover long term care, such as nursing home residency, dental care, vision care and hearing aids.

Where To Buy It

Like other insurance products, the best place to start is by doing some preliminary research online to learn more about the policy you’re considering. Once you have a general overview of medicare supplemental insurance, you have a couple of choices. You can get some basic quotes by visiting a few health insurance company websites and filling out online forms. This can take some time, though. A better option would be to contact an independent insurance agent to discuss your options. They can take some basic information from you and then shop your coverage for you. Independent agents have access to multiple insurance carriers, so they can provide you with several quotes to compare cost and coverage.


If you are over 65 years old or otherwise eligible to start receiving Medicare, it’s a smart idea to invest in medicare supplemental insurance coverage. You never know what direction your health may take in later years. So, it’s a good idea to have a policy available that will pay your extra health care costs like deductibles, copayments, and coinsurance. You’ll probably save a lot of money in the long run.

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