Rising health care expenses today are making many retired Americans take a second look at Medicare coverage. Although Medicare, the federal health insurance program, pays some of your medical expenses -- it was not designed to cover all of them.

That's where Medicare Supplement insurance, also known as Medigap policies, becomes important. This insurance coverage helps give you the financial resources to cover expenses Medicare won't, such as prescription drugs.

Medicare Supplement insurance generally pays most or all of the Medicare coinsurance amounts. They may also cover Medicare's deductibles. Certain plans will also pay for outpatient prescription drugs, preventive care, and emergency medical care in a foreign country.

While some plans may offer limited coverage for home health care, remember that a Medicare Supplement policy does not pay for custodial care in a nursing home, and so the plans are not a substitute for long-term care insurance.

The financial consultants at Warren Steinborn Associates are well versed in the various forms of insurance you require to assure complete protection for your future.

Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Advisor. Warren Steinborn Associates and NPC are separate and unrelated companies.
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