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Medicare Supplement Insurance

Medicare will pay for much, but not all, of the costs for covered health care services. Medicare Supplement Insurance can help to fill the gaps of things that Medicare doesn’t cover such as copayments, coinsurance, and deductibles.

Underestimating the rising costs of healthcare is one of the most common reasons retirees fall short of meeting their income needs. And Medicare supplement plans can be a good way to protect yourself from the unexpected.

For example, according to the American Council of Life Insurers, 70% of people over the age of 65 will need long-term care services.1 While family members may be able to provide some of these services, paid care may be needed to supplement family-provided care as we age or in case we become disabled and cannot care for ourselves.

That’s why having a financial plan that accounts for the possibility of needing long-term care is essential.

Long-term care services can be provided at home, at a nursing home, in an assisted living facility, or an adult day care center. These services can include help with daily living tasks like eating, dressing, bathing, and performing household chores.

Medicare covers very little when it comes to long-term care. It pays for only limited home healthcare and nursing home costs, usually following a hospital stay. It’s important to note that Medicare will pay for skilled care, nursing home care, or care in a rehabilitation facility for a limited time following a hospital stay but will not cover most long-term costs.

These are the types of situations we can help you prepare for through careful financial planning and the proper insurance for your situation.


Give our office a call to schedule a complimentary, no-obligation consultation so we can help to ensure that high medical costs don’t prevent you from meeting your income needs in retirement.

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