When the term ‘Medicare Supplement plans’ is stated, the very first thing that the common man tends to think about is ‘money’! Like any other insurance plan, supplement plans do come with monthly premiums to be paid. The truth is that to derive quality protection and get comprehensive coverage, the person has to spend some money. This coverage will only protect from future medical bills that are generally huge hundreds or thousand times more than the premium amount paid.
Significance of Medicare Supplement plans
Given the current economic condition and culture of the country, it does make great sense that Medicare Supplement plans does make a huge financial impact with regards to benefit offered and cost, which will be at the foremost of the minds of people. Owning supplemental coverage does bring innumerous benefits to the person, which is quite significant, but often is overlooked completely.
Need for adequate health insurance and coverage
It is to do more with quality of care and access to care, ability to pay which ensures that the insurance card is the golden key to avail world of superior care. The person perhaps can be under an impression that treatments will be provided by providers even if he/she is unable to make payments for the same. It is indeed a false impression which can be potentially dangerous. Reality, is that although treatment cannot be denied by any hospital or provide inadequate treatment based upon ability to pay, in case, there is found medical emergency, the nursing home or hospital can deny treatment to any uninsured patient not having medical emergency. The hospital needs to examine the patient, irrespective of his/her ability to pay, especially if the person’s life is in extreme danger and stabilize condition.
Non-emergency medical conditions
The person may suffer from chronic long-term condition and probably not an emergency one. Probably, the person may not want to do away with Medical Advantage plan to ensure staying with the present doctor and is presently in good health, such that the Medicare Supplement plans are avoided. A knee replacement may require a surgical practice, where patients in non-emergency cases and without insurance are denied surgical treatment. Although having Medicare Part A & B, the hospital policy might still ignore the requests and even personal payments due to their stringent policies. The person needs to complete the surgery first to avail the supplement plan. So the importance of Medicare Supplement plans should be clearly understood.