A Medicare Supplement Plan works by picking up where your traditional Medicare insurance policy leaves off

If you are one of the millions of Seniors on Medicare who would like to save more at their health insurance, then you may already be thinking about lowering health care costs by purchasing a Medicare Supplement plan. Medicare supplemental insurance, also called Medigap insurance, can keep more health care money in your pocket over the years by covering some of the costs traditional Medicare will not cover.

A Medicare Supplement Plan works by picking up where your traditional Medicare insurance policy leaves off. There are certain things which Medicare will not cover, and they can add up to a substantial sum coming out of your pocket if you do not have additional supplemental health coverage. If you are not covered, you could face high deductibles and copayments.

Be aware however that even a Medicare supplemental policy only covers the only costs that are considered 'medically necessary' by Medicare standards. Supplemental plans are still a very useful part of your health care. You can buy Medicare supplement plans which will offer certain benefits not offered by Medicare, such as emergency medical care coverage while you are out of the United States.

The types of Supplemental plan coverage available have been mandated by the US federal government. While supplement insurance is not offered by the federal government, it is offered through private insurance companies and regulated by each state. Supplemental policies remain in force until canceled by the policyholder.

Supplemental insurance plans are classified by the letter of the alphabets which has been assigned to each one, from A to N. This gives you as the consumer confidence that no matter which insurance company you select, the coverage remains the same. It makes it very easy to compare rates just by contacting separate Medicare supplemental insurance providers and identifying which plan you want by giving them the letter of the alphabet assigned to the plan.

Saving on Medicare Supplement Plans is something that Seniors must consider before they accept a policy. One of the main things to remember is that insurance rates can vary greatly between different insurance companies, so comparison shopping is the number one way to save money on your Medigap insurance.