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Insurance
Planning 
Medicare Supplement Plans
•Medicare Supplement Insurance Plans are a necessary ingredient to any retiree's financial plan.
•Medicare itself only has two components, those being Part A and Part B.
•Medicare is designed to provide basic coverage only, and retirees will be surprised indeed should they rely on Medicare coverage exclusively to pay all their medical bills.
•Medicare Supplement Plans come in many flavors, ranging from a standardized labeling system from Plan A to Plan J in Pennsylvania. The further down the alphabet you go, the more comprehensive the plans become. These plans are offered by many individual insurance companies in each state.
Medicare is a national health insurance program for:
- People 65 years and older.
- People with permanent kidney failure.
- Certain younger, disabled people.
The Centers for Medicare and Medicaid Services (CMS) oversees the Medicare program. The Social Security Administration works with CMS by enrolling people in Medicare and by collecting the Medicare premiums. Medicare provides basic protection against the cost of health care, but does not cover all medical expenses or the cost of long-term care.
The Medicare program has two parts: Part A and Part B.
What is the Difference between Medicare Part A and Medicare Part B?
| Part A covers | Part B covers |
Inpatient Hospital Care |
Doctor’s Services |
Skilled Nursing Care |
Outpatient Services |
Home Health Care |
Durable Medical Equipment |
Hospice Care |
Home Health Care |
While Medicare does cover a wide range of medical services; some items or services are excluded from Medicare coverage by law. You will be responsible for payment of a non-covered service.
Services not covered by Medicare.
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Services covered under certain conditions
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