Medicare Supplement Plans

Medicare Parts A and B provide insurance coverage for health-related expenses, but they don’t cover all of the health care costs you may have. A Medicare Supplement plan, sometimes called “Medigap,” is a private insurance policy that can help pay for some of the health care costs that Medicare doesn’t cover. This can include out-of-pocket expenses such as co-payments, coinsurance, and deductibles.

Medicare Advantage Plans are another way to get your Medicare Part B Coverage. Medicare Advantage Plans sometimes Part C or MA Plans are offered by Medicare Approved Private companies that must follow rules set by Medicare. Most Medicare Advantage Plans include drug coverage (Part D). In most cases you'll need to use health care providers who participate in the plan's network. These plans set a limit on what you'll have to pay out- of- pocket each year for covered services. Some plans offer non-emergency coverage out of network, but typically at a higher cost. Remember, you must use the card from your Medicare advantage plan to get medicare covered services. Keep your red, white and blue Medicare card in a safe place because you'll need it if you ever switch back to regular medicare. Below are the most common types of medicare advantage plans.

Prescription Drug Plans are commercial health insurance plans that help lower prescription costs in exchange for a monthly payment. As supplemental insurance plans that cover prescriptions only, these plans usually supplement Medicare coverage or other clinical care-only health insurance plans.

Hospital Indemnity Insurance supplements your existing health insurance coverage by helping pay expenses for hospital stays. Depending on the plan, hospital indemnity insurance gives you cash payments to help you pay for the added expenses that may come while you recover. Typically plans pay based on the number of days of hospitalization.

Even if your medical insurance covers most of your hospitalization, you can still receive payments from your hospital indemnity insurance plan for extra expenses while recovering.commercial health insurance plans that help lower prescription costs in exchange for a monthly payment. As supplemental insurance plans that cover prescriptions only, these plans usually supplement Medicare coverage or other clinical care-only health insurance plans.

A well-balanced health plan includes proper coverage for dental, vision, and hearing.  In fact, many of today’s most pressing health issues originate from poor dental or vision health.  And, poor hearing can cause a number of issues as well.  If these important coverages are not included in your health plan, Assure Source consultants can provide you with excellent stand-alone dental, vision, and hearing insurance options.