Medicare Supplement Insurance – What, Why and Who?
Medicare supplement insurance was designed to provide additional coverage above and beyond regular Medicare parts A & B for qualifying people age 65 and older or folks on disability under the age of 65.
Medicare Parts A & B are really good coverage on their own. Part A helps pay for medical services while confined in a hospital setting and covers 80% of those services after a deductible is met ($1132 in 2011).
The deductible is a “per benefit period” deductible which in most cases means you’ll have to meet the deductible each time you have a hospital stay. Part B helps pay for your outpatient medical services.