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Supplemental Medical Insurance is in addition to your primary insurance. It is used to help cover the cost of copays, deductibles, and co-insurance.
The most common time of SMI is Medicare Supplement Plan. It helps to cover what the medicare plan doesn't.
If a person were to have Medicare Part A & B and also and AARP Supplement plan, it covers their copays for benefits and helps with covering costs of prescriptions.
What else can I help you with?
What is meant by the term Humana Supplemental Insurance?
Humana is a medical insurance company. Supplemental insurance refers to add ons to an existing policy. Supplemental insurance can cover deductibles, co-pays and other expenses not covered by a policy.
Can you apply with any insurance agent for medicare supplemental insurance?
Yes. Insurance agents that sell Health/Medical insurance can help you apply for Medicare supplemental insurance. Not all insurance agents cell all types of insurance. You will need to check with your agent to see if they sell health/medical insurance
What are some supplemental insurances from medicare?
Medigap has a wonderful supplemental insurance along with State Farm for medical. Many are trying now a days to get health insurance supplemental and these companies make it affordable.
Is supplemental health insurance enough?
Probably not. Supplemental health insurance is designed to fill holes not covered by major medical insurance plans: deductibles, co-pays, co-insurance, policy limitations, income replacement, and non medical expenses such extra travel, lodging expenses, etc. Major medical insurance is designed to cover your primary need - catastrophic losses associated with a sickness or injury. Supplemental insurance should not be viewed as a replacement to major medical coverage.
What does Medicare term HI OR SMI?
HI [or HIB(enefits)] = hospital insurance; SMI (or SMIB) = supplemental medical insurance.
What does HIB mean?
Medicare HIB stands for Hospital Insurance Benefits (vs. SMIB, or Supplemental Medical Insurance Benefits).
What is hmo medical insurance?
There are several policies that you can purchase an hmo policy from; this is a supplemental insurance polciy that you will get to cover the entire rates.
What does the AARP Medical Supplemental insurance do?
AARP Medical Supplemental insurance is almost essential these days for people who rely solely upon Medicare for their health care needs. This supplemental insurance pays for the things that are ordinarily not paid for by Medicare and can really come to a large amount of a persons fixed income in their retirement. The insurance thereby can relieve stress upon seniors that they will not go bankrupt due to an illness.
What is supplemental health insurance?
As the name suggests, supplemental insurance works in combination with other insurance and it's not for everyone. Supplemental health Insurance is an insurance for situations involving a critical condition or illness, there are policies that offer to help pay out-of-pocket expenses for heart attacks, strokes, heart surgeries, cancer and other illnesses. In short supplemental health insurance policies provide you with money to pay for some of the expenses not covered by major medical insurance.
What does Medicare HIB mean?
Medicare HIB stands for Hospital Insurance Benefits (vs. SMIB, or Supplemental Medical Insurance Benefits).
What types of supplemental insurance are recommended?
There are many types of supplemental insurance out there. It depends on the type of supplemental insurance you want. Place calls to your local insurance companies and ask around.
What is the best medical supplemental insurance?
The amount and type of insurance coverage should be determined by your age and existing or future medical condition. Insurers are rated by the company called Bests Rating Service.
