Medicare Supplement plans (known as Medigap) are insurance plans that are sold by private insurance companies and designed to fill the gaps that Original Medicare does not cover. Usually, it pays for such remaining health care costs as deductibles, coinsurance, copayments, and others. 

PDP (prescription drug plans) insurance helps reduce prescription costs in exchange for a monthly payment. Luft Insurance Agency serving clients in Escanaba, MI prepared a list of things you should know about these two types of insurance:

What Should You Know About Medicare Supplement Plans?

• These policies cover only one person. If both you and your spouse want to have a Medicate Supplement Plan, you have to purchase two separate policies. 
• There is a monthly payment that you have to pay to a private insurance company. You have to pay it in addition to the premium you pay to Medicare (part B premium) that you pay every month. 
• You can buy a Medicare Supplement Plan from any registered and certified insurance company in your state. 
• There are certain things that Medigap plans will not cover, including hearing aids, private-duty nursing, eyeglasses, dental or vision care, and long-term care. 
• In order to qualify for Medicare Supplement Plans, you must have Medicare Part A and Part B. 

If you have any questions about Medicare Supplement Plans or you want to purchase one of them, Luft Insurance Agency serving clients in Escanaba, MI, and other surrounding towns is ready to help. Our experienced insurance agents will answer your questions and help you get the insurance plan you need. Feel free to check our website or give us a call.