Do I Need Other Insurance Besides Medicare. Why would i need more health insurance if i have medicare? For example, let's say that you have a $20,000 hospital bill from an emergency surgery.
Why would i need more health insurance if i have medicare? If you're retired, have medicare and have group health plan coverage from a former employer, generally medicare pays first. It might provide secondary coverage.
Retiree Coverage From Your Former Employer Or Your Spouse’s Former Employer.
Whether you have a medicare supplement insurance policy. If you feel that there are other medical services you need covered through insurance, private insurance companies offer options which can supplement or replace your medicare coverage. However, you may have other options.
If You Find Yourself Asking Whether You Really Need A Medicare Supplement, Ask Yourself If You Can Afford To Pay 20% Of A $50,000 Knee Replacement Or 20% Of Eight Weeks Of Cancer Chemotherapy.
They pay $8,000 and your supplement pays $2,000. Your retiree coverage pays second. Medicare part a does not include coverage for every medical need.
So, Do I Need Medicare Or Do I Not Need It?
If you're retired, have medicare and have group health plan coverage from a former employer, generally medicare pays first. If you’d like medicare prescription drug coverage, you can get it from a private health insurance company that contracts with medicare. Medicare part a only covers hospital expenses, which means your coverage could be lacking.
For Example, Let's Say That You Have A $20,000 Hospital Bill From An Emergency Surgery.
If the insurance is a cobra or individual policy, or retiree coverage provided by a union or employer, enrollment in both part a, hospital insurance, and part b, medical insurance, is necessary. Whether you have other health insurance that works with medicare. What happens if you have other health insurance besides medicare health insurers have policies in place to guide them when people have multiple health insurance plans.
Read About Medigap (Medicare Supplement Insurance), Which Helps Pay Some Of The Health Care Costs That Original Medicare Doesn't Cover.
Group coverage from your job or your spouse’s job, if one of you continues to work. You can make changes to your medicare advantage and medicare prescription drug coverage when certain events happen in your life, like if you move or you lose other insurance coverage. Medigap policies also require a monthly premium that must be paid in addition to your medicare premium, but can help offset the larger costs of health care services (say, an unexpected.