Medicare supplements are a benefit that many Americans take advantage of. These supplements can provide coverage for the cost of prescription drugs, vision, dental and hearing care, and more. Medicare supplements aren’t something to be taken lightly. They are your only source of protection against out-of-pocket costs associated with these healthcare services that come with great risk if you have to go without them. Here are some things to keep in mind when taking advantage of your rights and responsibilities as a beneficiary of this federal program.
Where Medicare Supplements Come In To Play
Medicare Supplement plans are a benefit that is offered to so many Americans. There are about 45 million American adults enrolled in this program, and the average annual enrollment is $5,000. The supplement plan offers coverage for the cost of prescription drugs, vision, dental and hearing care, and more.
Although these benefits may seem enticing at first glance, they do come with some risks attached to them if you aren’t careful. For starters, these supplements are not free to purchase. You’ll need to pay an application fee and a monthly premium before you’re eligible for coverage through this plan. It’s important that you sign up for coverage as soon as possible so that you don’t miss out on any benefits or have to pay for services that you should have been covered for from day one.
Dental Care and Vision Coverage
One of the most important benefits associated with Medicare Supplement plans is the coverage for dental care. This includes pain relief and prevention, such as cleanings and fillings.
The amount of coverage you receive will depend on your specific supplement. You will likely receive coverage for a maximum of two visits per year. The cost-sharing that you’re required to pay for this service will be taken out of your Medicare supplement.
And when it comes to vision care, like glasses, contact lenses, and eye exams, you can expect to pay up to $20 per year toward the cost of these services. There is a limit on how many times this benefit can be used in a lifetime; though there are no limits on how much coverage you can get each time you do use it.
The most common Medicare supplement benefit is hearing care.
Hearing care can be very expensive, so it’s important to take advantage of the benefits offered by this program if you are eligible.
Prescription Drug Coverage
Medicare supplements are your only source of protection against out-of-pocket costs associated with prescription drugs. In other words, if you do not have any prescription drug coverage, or you don’t qualify for it, the costs would be left to your pocket.
As a beneficiary, you will also be given the option to choose how much and what type of coverage you want through Medicare supplements. If there is an item that you need but do not want to pay for and cannot afford on your own, the supplement’s benefits will cover it and give you peace of mind knowing that it is taken care of.
Medicare supplements also cover other services not covered under traditional Medicare, such as vision care, dental care, hearing aids, legal consultations with an attorney, long-term care insurance premiums, and more.