Find the right Medicare plan!
Learning Center / Medicare / Do I Need Supplemental Insurance if I Have Medicare?

Do I Need Supplemental Insurance if I Have Medicare?

November 21, 2023

Do I Need Supplemental Insurance if I Have Medicare?

As you navigate the complex world of healthcare, one consideration that may arise is the question, "Is supplemental insurance for Medicare beneficiaries really necessary?" You're not alone—it's a question that has crossed the minds of many Medicare beneficiaries. In this guide, we'll delve into the intricacies of Original Medicare (Part A + Part B) coverage and provide insight into supplemental insurance so you can feel well-prepared to make an informed decision about your healthcare needs.


The Difference Between Original Medicare and Supplemental Insurance

Navigating the ins and outs of healthcare can feel like trying to untangle a ball of yarn, but understanding the difference between Original Medicare and supplemental insurance doesn't have to be a head-scratcher.


Think of Original Medicare as the sturdy foundation of your healthcare coverage, offering essential benefits like hospital stays and doctor visits. Now, imagine supplemental insurance as the trusty sidekick, swooping in to fill in the gaps left by Original Medicare, such as deductibles, copayments, and even services that Original Medicare may not cover at all. It's like having a tag team that ensures you're protected from unexpected healthcare costs, providing you with peace of mind and extra support when you need it most.


Identifying Coverage Gaps

Navigating the vast landscape of supplemental insurance for Medicare beneficiaries can feel confusing at best. It's paramount for you to understand the Original Medicare coverage gaps that exist within this system. These gaps are like little cracks in the armor that leave you vulnerable to unexpected healthcare costs.


Original Medicare pays for many medical services, but it doesn't always cover everything, like prescription drugs, dental, vision, and hearing care. These are the coverage gaps that can catch you off guard, reminding you that we might need a little extra help to fill in those missing puzzle pieces.


Three Signs You Need Supplemental Insurance

There are various signs that indicate that you would be a great candidate for supplemental insurance. Here are the top three:

  1. Rising prescription drug costs: If you find yourself grappling with expensive medication bills, especially for long-term or specialty drugs, supplemental insurance can provide much-needed relief.
  2. Frequent doctor visits and specialist care: Medicare covers a significant portion of doctor visits, but copayments, deductibles, and coinsurance can add up. If you have ongoing health conditions that require frequent medical attention or specialist care, supplemental insurance can help reduce your out-of-pocket expenses.
  3. Traveling outside the United States: Medicare typically doesn't cover healthcare expenses incurred while traveling abroad, so if you're a globetrotter or have plans to spend time overseas, supplemental insurance with international coverage can be a wise investment.


Experiencing Coverage Gaps & Want Help Finding a Supplemental Plan?

Call 1-800-620-4519 (TTY 711) to speak to a licensed insurance agent.

Open weekdays from 8 a.m. to 8 p.m. EST


Types of Supplemental Insurance

Understanding each type of supplemental insurance for Medicare beneficiaries fully is the key to finding the perfect fit. So, let's explore the diverse landscape of supplemental insurance, ensuring you have the knowledge and confidence to make the right choice for your unique needs.


Medicare Supplement Insurance (Medigap)

Medicare Supplement Insurance, also known as Medigap, is a type of private insurance that helps cover the "gaps" in Medicare coverage, such as deductibles, copayments, and coinsurance. It works alongside Original Medicare to provide additional financial protection and peace of mind for you.


Pro Tip: An alternative to adding Medigap Insurance to your Original Medicare is to opt for a Medicare Advantage Plan—these plans offer additional benefits, such as vision, dental, and prescription drug coverage, which are not covered by Original Medicare.


Prescription Drug Plans (Part D)

Prescription Drug Plans, also known as Part D, are a crucial component of Medicare coverage. These plans provide assistance in covering the costs of prescription medications, offering you access to a wide range of drugs at affordable prices.


Accident Insurance

Accident Insurance provides financial protection to you in the event of an accident. It's designed to help offset the out-of-pocket costs associated with medical expenses resulting from accidents, such as emergency room visits, surgeries, and follow-up treatments. Think of it as an extra layer of security.


Critical Illness Insurance

Critical Illness Insurance goes beyond Original Medicare by offering a lump sum payment if you're diagnosed with a specific critical illness such as cancer, heart attack, or stroke. This cash allows you to focus on your recovery without worrying about the financial burden.


Dental Insurance

Dental Insurance helps fill the gaps left by your Original Medicare—you can get enhanced coverage for routine check-ups, cleanings, fillings, and even more extensive procedures like root canals or orthodontics, depending on the plan you choose.


Comparing Supplemental Insurance Plans: Key Considerations



When it comes to finding the right supplemental insurance for Medicare beneficiaries, remember that there's no one-size-fits-all solution. The key lies in comparing different plans, carefully assessing your unique needs, and considering your budget. Our user-friendly online comparison tool enables you to easily and efficiently weigh the options and find the perfect plan that meets your needs.


Personal Health Needs

You have unique health concerns and priorities, and that's why considering your personal health needs is absolutely necessary in this comparison process. By assessing factors such as prescription medications, frequency of doctor visits, and specific areas of healthcare you value most, you can ensure the Supplemental Insurance Plan you choose aligns with your individual requirements.



Let's face it; you want to ensure you get the most bang for your buck. By carefully evaluating the costs associated with different plans, you can make an informed decision that aligns with your budget and financial goals. Make sure you understand the following terms:

  • Premiums: The regular payments you make to maintain your insurance coverage.
  • Deductibles: The set amount you must pay out of your own pocket before your insurance kicks in.
  • Copayments: The fixed amount of money you must pay out-of-pocket for specific services or prescription medications.
  • Out-of-Pocket Expenses: The costs you must pay for services or treatments that aren't covered by insurance.


Underwriting Requirements

Underwriting is the process through which an insurance company evaluates an applicant's health status, medical history, and other relevant factors to assess the risk they pose. Understanding underwriting requirements helps you determine if you meet the criteria for coverage and how it may impact your premiums or benefits.


Network Coverage

By choosing a plan with a robust network, you ensure a wider range of healthcare options and potentially lower out-of-pocket expenses. With an extensive network, you have a greater chance of finding preferred doctors or specialists near you, which is especially beneficial for ongoing treatments or chronic conditions.


Enrollment Periods

These designated time frames provide you with the opportunity to enroll in supplemental insurance for Medicare beneficiaries or make changes to your coverage. It's wise to be aware of these periods because missing them can result in limited options or even a complete inability to obtain coverage. By understanding and acting within the Medicare Annual Enrollment Periods (AEP), you can ensure timely access to supplemental insurance.


Pro Tip: If you miss the AEP window, be sure to determine whether your circumstances qualify for the Special Enrollment Period (SEP) to make changes to your coverage outside the AEP.


Peace of Mind and Financial Security

Supplemental insurance has become a popular choice among the vast majority of Medicare beneficiaries, including individuals like yourself, who value their peace of mind and financial security.


The truth is, healthcare expenses can quickly spiral out of control, leading to overwhelming medical debt, especially in the United States. It's no secret that healthcare costs in the U.S. can be exorbitant, and even with Original Medicare coverage, there are often significant out-of-pocket expenses that can catch individuals off guard. By investing in supplemental insurance, you're taking a proactive step toward protecting yourself from the potential burden of healthcare debt.


Our guide serves as a valuable resource to help you understand the various types of supplemental insurance for Medicare beneficiaries and determine the most suitable plan for your needs. Remember that there is no universally ideal plan—your decision should be based on a careful assessment of your requirements and financial situation. Making an impulsive or hasty decision could have health and financial consequences, so it's essential to consider your options diligently.


Feeling Lost or Seeking Guidance?

Call 1-800-620-4519 (TTY 711) on weekdays from 8 a.m. to 8 p.m. EST to speak to a licensed insurance agent and get help finding the Supplemental Insurance Plan that's right for you.


© 2021-2024, LLC

Privacy Policy  |  Terms and Conditions

GENERAL DISCLAIMERS is a commercial site designed for the solicitation of insurance from selected health insurance carriers and, LLC is a licensed insurance agency. It is not a government agency. It is also not an insurer, or a medical provider., LLC is a licensed representative of Medicare Advantage (HMO, PPO, PFFS, and PDP) organizations that have a Medicare contract. Enrollment depends on the plan’s contract renewal.

We do not offer every plan available in your area. Currently we represent nine carrier plan organizations nationally. Please contact, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

Alternatively, you may be referred, via a link, to a selected partner website, which is independently owned and operated and may have different privacy and terms of use policies from us.

If you provide your contact information to us, an insurance agent/producer or insurance company may contact you. If you do not speak English, language assistance service, free of charge, is available to you; contact the toll-free number listed above. This site is not maintained by or affiliated with the federal government's Health Insurance Marketplace website or any state government health insurance marketplace.

The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, or sex. To learn more about a plan's nondiscrimination policy, please click here.

Not all plans offer all of these benefits. Benefits may vary by carrier and location. Limitations and exclusions may apply.