Medicare
Basics
If you are overwhelmed by all the information that you have been inundated with now that you are or will be Medicare eligible, don’t worry, you are not alone. There are many resources to help educate you on your Medicare options, including the Medicare & You book, however, I am here to help you.
Call today, so I can help answer your questions.
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Medicare Advantage
Medicare Advantage Plans usually referred to as Part C, are offered by private companies. These plans combine Hospital (Part A) and Medical (Part B) into one plan. There are many different types of Medicare Advantage plans, however, most include additional benefits that are not included in Original Medicare, such as prescription drug coverage. These plans usually have low monthly premiums with a maximum out-of-pocket or safety net.
Medicare Supplements
(MEDIGAP)
Medicare Supplements, or sometimes referred to as Medigap plans, help fill the “gaps” in Original Medicare. These plans are offered through private companies and help pay for out-of-pocket expenses not covered by Original Medicare such as deductibles, co-pays, and co-insurance.
Prescription Drug Plans
Medicare Prescription Plans (Part D) are offered by private insurance companies and help you pay for your prescription drugs. Each plan differs by cost (monthly premium, deductibles, and co-pays) and the list of drugs (formularies) that they cover. It is important to compare plans and select a plan that includes a formulary that has all of your listed drugs.
Medicare Enrollment
Annual Enrollment: October 15 - December 7
During annual enrollment you can add, drop, or switch your Medicare Advantage or Prescription Drug Plan.