Do I Really Need Supplemental Insurance with Medicare?

Supplemental is optional. However, without any supplemental insurance, you would be responsible for expensive hospital deductibles and copays as well as 20% of the cost of ALL outpatients services. This includes things like surgeries and chemotherapy which could be financially devastating without some form of supplemental coverage. If you find that a Medicare Supplement is out of your budget, then you should consider a Medicare Advantage plan, which has lower premiums because you agree to use a network of providers in your local area. You should always consult your insurance agent as they can be a valuable resource in navigating what plan my be best for you.