This type of insurance supplements, or helps fill the gaps, in Original Medicare. Since Medicare wasn’t created to cover all health care expenses, you can purchase a Medicare Supplement plan in addition to Original Medicare.
How Medicare Supplement insurance works
When you have a Medicare Supplement insurance policy, it works hand-in-hand with Medicare. A Medicare Supplement plan will help cover the cost share not covered by Medicare and pays many of these costs for you.
Depending on the plan chosen, Medicare Supplement plans:
- Provide first day coverage for inpatient, outpatient, and medical services (once the Medicare Part A or Part B deductible has been met).
- Pay for many health care costs that Original Medicare requires you to pay (e.g. coinsurance, copayments, and deductibles).
- Provide optional coverage available through a private insurer.
In addition, several Medicare supplement plans have a lower premium in exchange for out-of-pocket cost sharing on inpatient and medical services before the plan will pay benefits. The amount and type of cost share depends on the specific plan chosen.
If you choose a Medicare Supplement Select plan, you must use in-network hospitals to be covered for Part A or Part B services. Medicare Supplement Select plans do not restrict you from using any physician that accepts Medicare.
Save more with the Blue365® Member Discount Program
This exclusive Florida Blue member discount program1 helps you stretch your dollars with savings on health-related products and services that complement your health care choices.
Products and services include:
- Hearing aid and care discounts
- Discounts on frames, eyeglass lenses and contact lenses, as well as some discounts for routine exams
- Laser vision correction service discounts (services include a discounted fee for traditional and custom LASIK)
- Discounts on weight management support services