Choosing the Right Medicare Coverage
Saving money is always tempting especially when you’re on a fixed income.
However, picking the lowest cost plan isn’t necessarily the best idea and may end
up costing you more in the long run, with deductibles, copays, cost shares, and
uncovered medical services. Stop wasting your time researching on your own, call today.
Questions about Medicare? Call Tom.
The ABC’s of Medicare
Medicare Part A (Hospital Insurance)
Part A of Original Medicare, covers hospital visits, skilled nursing care, home
health care, and hospice care. For most Medicare eligible seniors, Medicare Part A
comes at no additional cost.
Medicare Part B (Medical Insurance)
Part B Original Medicare, covers out-patient hospital services, doctor visits,
preventive services, diagnostic testing, and durable medical equipment. For the
majority of seniors, Part B will cost $134.00 per month. However, the Part B Medicare premium
can increase based on your annual income.
Medicare Part C (Medicare Advantage)
Medicare Advantage Plans are offered by private companies approved by
Medicare. If you join a Medicare Advantage Plan, you still have Medicare. You’ll
get your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical
Insurance) coverage from the Medicare Advantage Plan and not Original Medicare. Medicare
Advantage Plans cover all Medicare services. Most Medicare Advantage Plans also offer extra
coverage, like vision, hearing and dental coverage. To compare benefits and prices, it is easiest
to contact a licensed agent at no cost to you, an agent can help you find the right balance
between Medicare premiums and coverage for your individual needs.
Medicare Part D (Prescription Drug Insurance)
Medicare Part D provides coverage for prescription drug medications, Medicare
Part D, is sold by private insurance companies.
Medicare Supplement Plans or (Medigap Plans)
Medicare supplement plans provide a more predictable out-of- pocket cost option,
while helping fill the gaps in your Medicare Part A and B coverage. Medicare
Supplement plans are organized by letter (A, B, C, D, F, G, K, L, M, and N). When purchasing a
Medicare Supplement plan, seniors should carefully review the difference between the plans
and what is and is not covered.