In our last post we went over Medicare VS Medicare Advantage.

Now we are going to go over some of the highlights of your Medicare coverage options.

This will help give you a quick reference guide of what has been discussed in previous posts so that you can be able review options and begin to determine which may be best suited for you.

Remember this is an overview and it is very important that we spend some time fully accessing your individual situation and get all your questions answered.  This way you are in the optimal position to make the selection that best fits your individual needs.

Your Medicare Choices

When selecting the Medicare option that’s best for you, you need to consider whether you want Original Medicare (Parts A and B) or Medicare Advantage (Part C). Let’s take a look at the differences.

Original Medicare

Medicare Advantage (also known as Part C)

– Original Medicare includes Medicare Part A (Hospital Insurance) and Part B (Medical Insurance). – If you want drug coverage, you can join a separate Part D plan. – To help pay your out-of-pocket costs in Original Medicare (like your 20% coinsurance), you can also shop for and buy supplemental coverage. – Can use any doctor or hospital that takes Medicare, anywhere in the U.S. You can add: Part D. You can also add Supplemental coverage (Some examples include coverage from a Medicare Supplement Insurance (Medigap) policy or coverage from a former employer or union.

-Medicare Advantage is an “all in one” alternative to Original Medicare. These “bundled” plans include Part A, Part B, and usually Part D. – Plans may have lower out-of-pocket costs than Original Medicare. In most cases, you’ll need to use doctors who are in the plan’s network. – Most plans offer extra benefits that Original Medicare doesn’t cover—like vision, hearing, dental, and more.

Includes: ☑ Part A (Hospital) ☑ Part B (Medical)	Includes: ☑ Part A (Hospital) ☑ Part B (Medical)
You Can Add: ◻ Part D ◻ Supplemental       coverage	Most Plans Include: ☑ Part D ☑ Extra Benefits Some Plans Also Include: ◻ Lower out-of-pocket costs

Coming up next we will review some of the common FAQs and Medicare.

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Drop me a line or give me a call if you have any questions in the meantime.  🙂