If you’re one of the many millions of baby boomers turning 65 soon, you’re probably thinking about Medicare and Medicare supplement insurance. You’re likely wondering how you can possibly afford both Medicare premiums and premiums for a Medicare supplement insurance policy, especially if you’re not going to have a part-time job after you retire at age 65. To decide if you’re going to need help to fill the gap in coverage that’s left after Medicare pays 80% of your medical bills, your first step should be to learn some basic facts about what Medicare and Medicare supplement policies cover.

What Medicare Pays For

Original Medicare Part A is hospital coverage that pays for:

Inpatient hospital services
Skilled nursing facility care (after a hospital stay)
Home health care
Hospice Care
All but the first 3 pints of blood you receive per calendar year
Original Medicare Part B is medical coverage and pays for:

Medical expenses
Home health care
Clinical laboratory services
Outpatient treatment
Durable medical equipment and supplies
Preventive health care including exams, screenings and shots
Original Medicare Part D is prescription drug coverage and pays for generic and brand-name prescription drugs.

What Medicare Doesn’t Pay For

Custodial care
More than 100 days of skilled nursing home care following a hospital stay
Homemakers services
Private-duty nursing care
Dental cleanings, fillings, extractions and dentures
Medical care while traveling outside the U.S.
Cosmetic surgery
Preventive care of the feet
Eye exams and glasses
Hearing exams and hearing aids
What Medicare Supplement Insurance Pays For

According to Medicare.gov, there are 10 standard Medicare supplement insurance plans – A, B, C, D, F, G, K, L, M and N, and each offers different benefits that are set by the U.S. government, though all 10 plans offer these basic benefits:

Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are gone
Part B coinsurance or copayment
Part A hospice care coinsurance or copayment
The first 3 pints of blood
If you choose plans F, K, L or M, you’ll share a greater portion of the costs through higher coinsurance and copayment rates. And like Medicare, Medicare supplement insurance generally doesn’t cover long-term care, vision care, dental care, hearing aids, eyeglasses or private-duty nursing.

To learn more about what each Medicare supplement insurance plan pays for, call us at The Benefit Link at 1(877) 805-2952 or visit us online at www.thebenefitlink.com. At The Benefit Link, our commitment is to seniors and helping them get all of the facts they need to make an informed choice.

Medicare Supplement
The Benefit Link
9117 Belshire Dr.
North Richland Hills, Texas 76182
(877) 805-2952