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Medicare Supplemental Insurance

Medicare does not pay for all of the costs of hospital and medical care so it is prudent to purchase a Medicare supplement plan to help pay for some of these costs.

Medicare supplement insurance plans let you keep your own doctor, specialist and hospital. They can also help limit your annual out-of-pocket costs and your coverage travels with you throughout the U.S.

A person must be enrolled in part A and B of Medicare before they can enroll in a Medicare supplement plan. During the open enrollment period which begins within 6 months of turning 65 or enrolling in Medicare Part B at 65 or older, a person may obtain a Medicare supplement plan on a guaranteed issue basis (i.e. no medical screening required). Outside of open enrollment, the issuing insurance company may require medical screening and may obtain an attending physician's statement if necessary.

Medicare Prescription Drug Benefit (Part D) will help cover your prescription drug costs now and in the future that are not covered under Medicare Part B. Generally, it covers drugs, vaccines, biological products and medical supplies that are covered under Medicare Part B and that are part of the formulary. A formulary is a list of drugs covered by your plan to meet patient needs. Periodically certain drugs may be added, removed or changes made to coverage limitations. Bristol Financial Services can help you choose the plan that is right for you.