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A comparison of Medicare Supplement insurance plans
The purpose of a health insurance plan is to help pay for general medical expenses especially in times of unexpected illness or accidents that could make a huge financial impact on your budget. Medicare Supplement Insurance, which is a private insurance, helps pay some health care costs that Original Medicare doesn’t cover, such as copayments, coinsurance, and deductibles. It basically fills the gap left over by Original Medicare Parts A and B. So, having both an Original Medicare Insurance Plan and a Medicare Supplement Insurance Plan is ideal.
There are 10 Medicare Supplement Insurance Plans—A, B, C, D, F, G, K, L, M, and N—that are divided on the basis of the coverage they offer. However, no matter where they are located (except in Massachusetts, Minnesota, and Wisconsin, where the policies are different) every insurance company that offers the Medicare Supplemental Insurance Plans will offer the same coverage, but the cost of premiums may vary. So, it is best to compare these plans before considering investing in one.
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