Only policies pay benefits for expenses resulting solely from accidents. Policies for specific and limited needs are no substitute for Medicare supplements, HMOs or other major medical insurance for the older adult. If you have a personal reason for also buying this type of extra coverage, exercise caution. Read the policy carefully. Don't buy more policies than you need.
Duplicate coverage is costly and unnecessary.
Important Points to Remember An agent seeking to sell you Medicare supplement insurance is a representative of a private insurance company. He or she is not associated with Medicare or the federal government. If you decide to buy insurance from an agent, don't pay cash or make your check payable to the agent or the agent's agency. Write your check to the insurance company and ask for a receipt showing the agent's name and address, and the name and address of the insurance company. Don't let an agent pressure you into a quick decision.