google bot detected Supplementary Medical Insurance | Insurance Glossary | Realestateagent.com

Supplementary Medical Insurance


Definition of "Supplementary medical insurance"

Part of the federal Medicare program for additional coverage on a voluntary basis. The Medicare program is divided into two parts: (1) Hospital Insurance provides hospital benefits to persons over 65 who qualify for Social Security, and to disabled persons who have been receiving Social Security benefits for at least two years; and (2) supplementary medical insurance provides physician services to those over 65, and their dependents, who have enrolled in the program. Those enrolled in the program pay half the cost, and the U.S. government pays the other half.



Related Real Estate Glossary terms

Related Real Estate FAQ