Medicare supplements (also known as Medigap) help to bridge the gap between the amount a provider charges and the portion Medicare covers. While Medicare does cover the majority of your healthcare expenses, it does not foot the entire bill.

A Medicare supplement plan can aid in covering the complete amount that is owed. It may even cover all of your medical expense (depending on which Medicare supplement Plan is chosen,)leaving you with virtually no out of pocket expenses (at least for your medical needs.)

Medicare supplement Plans are regulated by the federal government and thus made standard. Each individual Plan type must contain the same coverage. However, their prices are definitely not regulated in the same manner as Medicare supplements are provided by private insurance companies who can name their prices according to their own guidelines.

One very convenient trait of Medicare supplements is that you do not need to fret over whether your doctor is in or out of network. As long as the healthcare practitioner accepts Medicare, he or she will also accept a Medicare supplement. The claim will first be submitted to Medicare and will then go onto the supplement to pick up the specified remainder (the amount depends upon the Plan chosen.)

Plan F is one of the most popular Medicare supplements simply because it does cover the entire remainder of the amount Medicare does not. This just makes life a little less complicated! However, due to Plan F’s all-inclusive nature, it is a bit more expensive than the also popular Medicare supplement Plans G and N.

Please be sure to do your research before you decide which Medicare supplement to apply for, and make sure to start researching your options a good few months before you will need that extra coverage. You want choose a Plan that will be a good fit for you. If you choose wisely the first time, you may never need to go through the hassle of finding a new Plan and making a new application again.