What is Medicare & do you need more coverage?
Medicare is a federal government health care program set up to provide medical expense coverage to persons over age 65. The Medicare program is administered by the Centers for Medicare and Medicaid Services (CMS), which is a division of the U.S. Department of Health and Human Services
The Medicare program is divided into two parts: Part A, for hospital and skilled nursing facility expenses and Part B, for medical expenses such as doctor, outpatient facility and home health care charges.
Each part has its own set of deductibles, co-payments and pre-approved charges, which normally change each year.
Medicare pre-assigns allowable charges for illnesses, surgeries and procedures. When the cost of a medical procedure is more than Medicare's "approved" charge, you have to pay the difference. That's where Medicare Supplement Insurance comes in to help pay for the expenses Medicare does not cover.