What is Medicare Supplement Insurance?
Medicare will provide a certain level of coverage for your medical expenses, but it won’t cover all expenses. Medicare Supplement Insurance covers expenses not covered in Part A and Part B such as acupuncture, chiropractic services, deductibles, coinsurance and copayments, dental care, eye exams, hearing aids, travel and prescription drugs.
Who needs Medicare Supplement Insurance?
Anyone who is eligible for Medicare and is enrolled in Part A and Part B may consider supplement insurance. Even if you are in good health and believe that standard Medicare will provide the coverage you need, it may be a good idea to purchase supplemental insurance. If your health status changes, your ability to enroll for supplemental insurance may be compromised.
Contact your Waddell & Reed financial advisor, or search for an advisor in your area, to discuss adding Medicare Supplement Insurance to your comprehensive financial plan.