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Do I Need Medicare Part D if I Have Supplemental Insurance

do I need medicare part D if I have supplemental insurance

Do I need Medicare part d if I have supplemental insurance? This is a question asked by millions of consumers every year thanks in part to the confusion and misinformation spread about the insurance program. Tie this in with the convoluted system known as the ACA and you have a formula for financial disaster of epic proportions. Retirement budgets are extremely thin and having even a slight detour on the way to setting up a stable policy can mean months if not years of playing catch up. Given the state of the federally subsidized healthcare system, now is the perfect time to answer this question. This article will attempt to do just that and hopefully brush away some of the fog hiding the true details of the program.

Do I Need Medicare Part D if I Have Supplemental Insurance?

So, do I need Medicare part d if I have supplemental insurance? In a sense, you don’t need it though the realization is part d is supplemental insurance. If you have a different plan, you will need to see what plan d offers and whether or not you need the benefits it provides. That makes this a very personal question and suggests that you might already have it.

Medicare Part D Plans

Medicare part d plans are sold by private insurance companies to those who already have Medicare plan a and need the additional coverage.

How Does Medicare Part D Work?

How does Medicare part d work? It works by plugging specific holes in the plan a coverage provided under the original Medicare plan.

Medicare Part B

So, do I need Medicare part d if I have supplemental insurance? This question is wonky because believe it or not, Medicare part d is supplemental insurance. So is Medicare part b and all of the others. When the government began dismantling the Medicare system, plan a, the one we all sign up for and paid for all of these years, was decimated. It covers next to nothing, forcing consumers to buy supplemental plans to fill in the holes. The issue is that these plans cost money in the form of premiums and deductibles. It is not a solid balance, and not what we were promised all those years ago. Many have better solutions through abandoning Medicare altogether and paying for a less costly and better stocked health insurance policy through a private health insurance company.

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