Simply put, insurance is something that can help protect you and your loved one’s interests so you can have the financial support you need when things are difficult in life. If you are wondering ‘’why is medicare supplement insurance important, this text may help you a lot.
As you age, and become eligible for federal government funded health insurance – otherwise known as Medicare, you may need to still supplement with a private health insurance, because Medicare won’t cover a lot of things, and you’ll be stuck with some pretty big bills. Medicare Supplement Insurance is a product that can help you pay for the things that Original Medicare (Parts A and B) do not typically pay for. I know this from first-hand experience. My father was hospitalized for 112 days a few years ago, and his hospital bill was over $3,000,000. Yes, you heard me right.
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Why is medicare supplement insurance important in this case?
Well, luckily, he had a Medicare Supplement Insurance policy and only owed a few thousand dollars out of pocket. If not, then he would’ve been in awful financial trouble, and who knows what would’ve happened. But he got lucky when it came to making sure he obtained the right policy because it wasn’t easy to navigate. Understanding how Medicare Supplement Insurance can help is something we’re here to help with.