One of the unfortunate things about Medicare and other forms of health insurance is that they typically do not pay for all the medical bills a person may incur. Often, a person will have to dig into their own money, whether it is from a fixed income or savings, to pay for these bills. To help guard against this possibility, you need to purchase supplemental insurance. However, not many people know a lot about supplemental insurance. To learn how to select the best supplemental insurance for you, use the advice below. The first step of this process is deciding what kind of supplemental insurance you need. There are generally two choices. These are Medicare supplemental insurance and regular supplemental insurance. Medicare supplemental insurance is used by people that are over the age of 65 and receiving Medicare. For people younger than that, regular supplemental insurance can help cover some of their healthcare costs. Next, you need to consider the exclusions and other limitations that often come with different supplemental insurance plans. Exclusions can include things like elective surgery, at home nursing assistance, and hearing aids. There may be other limitations as well. For example, Part A and Part B Medicare coverage have different limitations in regards to how long a person can stay in a hospital as well as how much mental healthcare a person can receive. For regular supplemental health insurance, there may even be more severe limitations. This can include less coverage or added costs for medical bills related to high-risk diseases such as AIDS, Diabetes, and lymphoma. Next, you should make sure that the amount of coverage you want to pay for fits within your budget. Medicare supplemental insurance, for example, can cost from $1,000 to over $3,000 a year depending on the particular plan. The difference in price is usually connected to the amount of coverage a plan provides. The more coverage a policy includes, the most expensive it will be to own. Lastly, you will need to compare the plans offered by different insurance companies to find the best deal for you. This can include visiting brick and mortar locations. It can also include visiting websites that allow users to review different insurance plans. Whatever the case, you should make sure to find out the average rates offered by different companies for the same kinds of coverage. Insurance agents after all are salespeople. You only want to purchase a plan that provides you with the actual amount of coverage you need for a fair price.