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| Medicare |  Question
I have Medicare, but it doesn't cover all of my health insurance needs, such as prescription medications. What can I do?
Answer
Think over buying a supplemental Medicare policy, known as Medigap. In the United States 10 standard Medigap policies are available.
Keep in mind that while the plan benefits might be standardized across the country, the premiums are not. As some plans can range in price by hundreds of dollars, it'll pay you to shop around.
Question
I have Medicare, so I don't need long term care insurance, right?
Answer
You should know that Medicare doesn't adequately cover the expenses of long term care. Instead, it's advised that you get a combination of Medicare, Medigap, and long term care insurance to secure your financial future.
You have to be cautious when selecting a long term care policy in order to avoid the common pitfalls.
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