Why Medicare Supplement Plans
Are So Popular
With almost 12 million individuals enrolled nationwide, “MedSupp” (also known as Medicare Supplement and Medigap) plans continue to be a popular and valued part of a consumer’s financial protection playbook. Enrollment continues to grow because the research indicates that this kind of coverage works.
Medicare Supplement Plans pay for significant out-of-pocket costs that are not covered by Medicare, such as deductibles, coinsurance, and copayments. It allows seniors to budget for medical expenses, and therefore, avoid the confusion and difficulty of handling complicated medical bills. This all helps make Medicare Supplement coverage an essential tool that mitigates unplanned health expenses while filling the gaps within traditional fee-for-service Medicare.
According to America’s Health insurance Plans (AHIP), Medicare supplement beneficiaries are overwhelming satisfied with their coverage. Recent studies have shown:
Most seniors on these plans see their supplemental insurance as a goodvalue that protects their financial security.
In addition to their cost-saving benefits, Medicare supplemental insurance plans give beneficiaries the choice and access they want to quality care.
Also, any threat to Medicare supplemental plans or their cost coverage is deeply concerning to beneficiaries.
Nine out of 10 beneficiaries are satisfied with their coverage. Not only are they satisfied, but more than half would recommend the coverage. When asked about their financial security, over 90 percent of those surveyed would be concerned if Medicare supplement products were taken away or drastically altered. They depend upon the coverage, both to help them plan for the future and to enjoy the present opportunities for ongoing physical and financial well-being.
Contact Taff's Insurance Services and find the right Medicare Supplement Plan for you.