Savvy senior - Aug. 20, 2009

How to Pick a Medicare Supplemental Policy

Dear Savvy Senior

I will be turning 65 in a few months and applying for Medicare, and have been told I need to consider purchasing a supplemental policy to help pay for the things Medicare doesn’t cover. What can you tell me about this and where can I find help?

Supplemental Sally

Dear Sally

If you’re nearing 65, and plan to choose traditional Medicare Part A and B as your primary source of health coverage, a supplemental policy (also known as Medigap insurance) is definitely something you need to consider. Medigap insurance helps pay for things that...