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Is it necessary to have supplemental insurance for Medicare if you can't afford it?
Wiki User
∙ 17y ago
More than likely you can not afford not to have it! Check it out closely with a reputable agent! 4lifeguild
Wiki User
∙ 17y ago
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What Is Supplemental Insurance and Do You Need It?
You may have heard of supplemental insurance but not felt clear about what it is, or whether you need it. You may have heard the term "Medicare supplement" and thought that supplemental insurance is only for Medicare recipients. Or you may have questions about exactly how supplemental insurance fits into your financial and healthcare needs. Supplemental insurance is exactly what it sounds like: Insurance that pays over and above what your primary insurance policy covers. It is not intended to replace the insurance you have now. Rather, it is intended to provide coverage for expenses not included in your existing insurance plan. You can think of supplemental insurance as picking up the tab for the expenses that you would normally pay out of pocket. These policies might pay your deductible, for instance. You may also buy supplemental insurance to cover hospitalization or intensive care costs that your insurance does not cover. Cancer policies are a popular form of supplemental insurance, as are accident and accidental death policies. These policies cover the additional hospitalization and doctor expenses over the spending cap of many traditional policies. In deciding whether you need supplemental insurance, consider the coverage you already have, as well as your financial circumstances. If your policy has limitations, as most do, you may want to consider speaking with an agent about the supplemental insurance coverage available to you. Most of us cannot afford to become catastrophically ill or suffer a life-threatening or fatal accident. While our insurance policies cover most of our normal medical needs, chances are they would not cover all of a major illness or injury. If you don't know what your current insurance covers, find out, and consider how you would handle an injury or illness that "maxed out" your insurance. If you have any doubt about your ability to financially weather a medical disaster, you probably do need supplemental insurance. Supplemental insurance may be likened to wearing a belt and suspenders. Most of the time your current coverage will meet all of your needs, but when it does not, supplemental insurance will make things easier for you.
Would like to cancel part b of your medicare?
yes I would like to cancel medicare part b. I can't afford it at this time and I do have another insurance.
Does medacare pay for the hole total when you have surgery i can not aford medicare plus sup health insurance?
Medicare typically covers a portion of the cost for surgery, but it does not cover the entire amount. The amount that Medicare covers depends on the specific procedure and the coverage options you have. If you cannot afford Medicare plus supplemental health insurance, you may be responsible for paying the remaining costs out of pocket. It is important to review your specific coverage and discuss any concerns with your healthcare provider or insurance representative.
Are hearing aids covered by Medicare Insurance?
can't afford taking care of 5 grand kids daughter and wife in s.s. disability
Is it necessary to have personal insurance?
No insurance is necessary, but personal insurance can be a good idea for your peace of mind, and that of your family. If you can afford it, protecting your income and your life is a sound investment that will almost always be worth it in the long run.
What are my health insurance options in Mississippi?
Mississipi like other states offers many of the standard health insurance options such as; individual, and family plans; Medicare supplemental plans; short term, and student coverage. One option that Mississippi has, that not all other states have is an insurance risk pool. This plan is designed to help those who can afford health insurance, but may not be able to purchase the regular health coverage, because of pre-existing health conditions.
How much would a mobility scooter cost if I have medicare insurance?
Medicare insurance helps you afford for you mobility scooter. The cost of which depends on the style and the capacity of the scooter that you choose. There are very good brands that make these kind of scooters. They cost from $300 to $500 and you insurance could cover up to 80% of the cost.
Is their a supplement dental insurance in the state of wash?
Washington Dental Insurance is a supplemental dental program and insurance. This allows people that need it, who can't afford it, to get dental help and assistance.
Is RAC breakdown cover worth it?
Preemptively buying insurance for your car is required in most states, whether you choose to buy supplemental insurance is really dependent upon the rates and monetary situation of the individual. If it is possible to buy your overall insurance and include collision and or other break down packages, that would more than likely be cheaper. However, some outside supplemental insurance companies offer more than just breakdown coverage, such as triple A. Again, if it is possible to have break down coverage included in your original insurance package, that would be best, however, if you need supplemental insurance, and can afford it, better to be safe than sorry.
What happens if you cannot afford auto insurance?
Most states require insurance. You should think of auto insurance as part of the cost of owning a car... if you can't afford the insurance, you can't afford the car and shouldn't have one.
What is the most important kind of insurance?
Health Insurance, if you can afford it.
Is mobile phone insurance necessary for my phone?
Mobile phone insurance isn't necessary on your cell phone, but if you can afford it, and have a modern smartphone, it's highly recommended. If your phone accidentally breaks, you're going to need to replace it, and a modern smartphone can easily cost upwards of $500 off contract.
