Wherever you are in the process, understanding your two options are the most important pieces of the Medicare puzzle.

Option 1: Original Medicare & Supplement / Medigap & Part D

A Medicare Supplement Insurance policy is a secondary payer. It pays some or all of the remaining balance after Medicare pays their percentage. All Medicare Supplements are standardized offering plans A, B, C, D, F, G, K, L, M, and N. This means that all coverage and benefits are the same from company to company. There is no difference in coverage between one company’s plan A and another company’s plan A. The only discrepancy is the name on the card and the monthly premium being charged. Another difference can be how the price increases (age-attained, issue aged or community rated).

Option 2: Medicare Advantage Plan / Part C

Medicare Advantage plans are a minimal cost alternative to Medicare Supplements and are available with small to no monthly premiums. These are offered by private insurance companies and are Medicare approved. Medicare Advantage members are still included in Medicare and maintain the same rights and protections as Medicare. As a member taking part in a Medicare Advantage plan you will continue to receive regular Medicare covered services. Also, members may have access to extra services not covered by Medicare such as vision, hearing, dental and/or health and wellness programs. Prescription drug plans often are included in the Medicare Advantage plan while Supplemental policy holders must pay extra for the Part D prescription plan.

Why are Medicare Advantage Plans so Affordable?

Medicare pays a fixed amount for your care every month to the company’s offering Medicare Advantage Plans. These companies have to follow rules set by Medicare. On the other hand, Medicare Advantage Plans can charge different out-of-pocket costs and have different guidelines for how services are rendered.

We offer educational seminars for general Medicare review as well as schedule appointments for one-to-one Personalized Review. Take advantage of our No Cost service to make the complex understandable.

Most individuals eligible for Medicare understand that they need something in addition to Medicare but don’t really know why. For those who need clarification on what Medicare covers or more importantly what it does not cover. To understand Medicare basics – click here.

Medicare Plan Options

Wherever you are in the process, understanding your two options are the most important pieces of the Medicare puzzle.

Option 1: Original Medicare & Supplement / Medigap & Part D

Option 2: Medicare Advantage Plan / Part C

Why are Medicare Advantage Plans so Affordable?

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