Medicare Health Insurance

What is Medicare Health Insurance? Why purchase additional Medicare coverage?
There are two choices of Medicare Health Insurance you can purchase:

  1. A Medicare Supplement and a prescription drug plan (Part D)
  2. Medicare Advantage plans with Part D coverage included.

Medicare alone will not pay all of your medical expenses. Original Medicare works like a lot of health plans in that there are deductibles and co-pays. The costs with standalone Medicare can be significant for hospital stays and diagnostic testing. Most people want to reduce these out of pocket expenses by purchasing additional private medical insurance.