A Medicare Supplement insurance plan can help pay for:

• Hospitalization costs
• Co-payments for Medicare Part B
• Blood transfusions
• Medicare part A hospice care, coinsurance and co-payments
• Skilled nursing facility care
• Excess charges for out-of-network care
• Foreign travel emergency: Original Medicare coverage is only good within the U.S. and its territories. If you travel outside of the country, you may want to pick a Medicare Supplement insurance policy with foreign travel emergency coverage.

If you haven’t picked the Medicare Supplement insurance policy that works best for you, your lifestyle, and your budget, you could end up facing overwhelming expenses that Medicare doesn’t cover. Avoid being robbed of your golden years by mounting medical bills. Let Bankers Fidelity’s Medicare Supplement insurance plans help take care of your medical expenses.

Original Medicare has a number of coverage limitations that may leave you unprotected and having to pay medical bills not covered by your policy. A Medicare Supplement insurance plan offers coverage to help account for some of those expenses. Medicare Supplement insurance is not a stand-alone policy, designed to take the place of regular health insurance. Instead, it is an additional policy one must apply for to supplement Medicare Part A and Medicare Part B. A Medicare Supplement insurance policy helps cover costs that Medicare doesn’t, including co-pays, deductibles and coinsurance.

Medicare Supplement insurance plans, also known as Medigap policies or Med Supp plans, are only available through private insurance companies. Although all Medicare Supplement insurance plans are standardized across the United States, availability, coverage levels, and premiums vary from state to state and company to company. With 10 different Medicare Supplement insurance plans available, you want to be certain you choose the right plan for your needs.

If you’re eligible for Medicare you should consider having a Medicare Supplement insurance policy. When choosing the right plan for you, keep in mind that Medicare Supplement insurance plans are individual plans, covering only one person. Also, plans do not cover items such as hearing aids, glasses, prescriptions and private-duty nurses. They do not cover vision or dental either.

NOTE: If you have Medicare Advantage or Medicare Advantage Plus, you cannot purchase a Medicare Supplement policy because these plans already offer similar kinds of coverage.

Medicare Supplement insurance is designed for those who have:

• Medicare Part A and Part B
• Qualified by age or disability. Medicare Supplement insurance policies are for individuals 65 and older or under 65 with disabilities, and people of any age with End-Stage Renal Disease (ESRD) – permanent kidney failure requiring dialysis or a kidney transplant

Check with your state’s insurance department to determine your eligibility for Medicare Supplement insurance.