There are hundreds and thousands of health insurance products that are available in the market and choosing the right one from the lot is like finding a needle from a heap of straw. As such, finding the right supplemental plan from so many similar products in the market may get very tiring and overwhelming. Especially if you are a senior and are on the lookout for a supplemental plan you might find it really confusing.

To make things easier for you, we have provided an approach that you should adopt in choosing the right supplemental health plan. The journey from an initial search to choosing a plan from among the options can be divided into phases which are as under.

  1. Determine your requirements

The very first thing to do is to be clear about the requirements. You need to be thorough with your senior’s existing health conditions and risks if any. For understanding that you might have to sit with your family doctor in analyzing and understanding their health history with all their reports done. Once you get a clear picture of the risks, you can then opt for the supplemental health insurance product that covers that risk. Taking a health insurance plan that you may not end up using would be a waste of time, money and resources. Hence, take only that is required.

Most insurance companies conduct a health check-up when you approach them for a health insurance plan. However, it is always good to do your homework. Being aware of your health is the first step towards making an informed decision to get a supplemental plan that covers your health risks that are not otherwise covered by your Medicare plan.


  1. Analyze your existing plan

Once you are aware of your risks, you may want to go through your existing medicare policy in detail to check what all does your medicare covers.

Once you realize and find the gaps in your Medicare policy you can then look for options that match your requirements.


  1. Analyze the products available

Go online, call an insurance agent or talk to the insurance company directly but get a list of supplemental health insurance products on offer. Prepare a list and compare the key features and strike out whichever does not fit. Once you zero down to a selected few make sure that you analyze each of them in detail and compare them in terms of the coverage they provide along with other additional benefits if any. Some products do provide added benefits as well such as post-hospitalization nursing care or covering the costs of pre-hospitalization preparation or tests as well.


So choose what you think will suit all that you would expect from a Medigap policy. Though a Medigap policy is just to fill the gaps of your main policy, it saves a lot of out of pocket expenses that are not covered by the main medicare policy.


  1. Choose the right one and buy

So once you know which product you would want to buy, your task is half accomplished. Now what remains is the payment and the issuance of the policy. Be cautious in making the payment and ensure that you make the payment to a verified insurance agent or broker or the insurance company directly.


Final Takeaway

Though it may look difficult to find the right supplemental health insurance plan, following the correct approach can empower you to make an informed decision of selecting the best one.