medicare health plans explained
medicare can be extremely confusing and scary, can’t it? When you turn 64 1/2, you start getting bombarded with mail and literature on all of the plans available. What does it all mean? Who can you call to help you? What do you do first?
Well - we are the answer for you. We will give you step by step instructions to help you through the Medicare process. Depending on your situation, working or not, we will be able to help you figure out what is the best direction to take. If you are working, the size of your group is important and may make you Medicare primary and if you do not enroll on time, you may be subject to penalties. Give us a call today!
To book an appointment, please click HERE or Call (951)344-9588 today!
So what are the differences between the Medicare Health Plans? Here they are:
Medicare supplement plans
These plans are designed to work with Original Medicare Parts A&B. Original Medicare Parts A&B pay 80% and these supplement plans are designed to pay your 20% costs.
Advantages of the Supplement Plans:
You can go to any doctor or hospital that accepts Medicare - so there is no HMO network to worry about.
There are some extra benefits including gym memberships and hearing & vision benefits, and have coverage when you travel depending on the plan you choose.
These plans are regulated by the government and must meet a minimum standard of coverage.
medicare advantage plans
These plans are sometimes referred to as Part C. That can be confusing. Medicare Advantage and “Part C” are the same thing.
Advantages of a Medicare Advantage Plan:
These plans are all encompassing and include Part A, Part B, and Part D benefits.
There is usually a $0 monthly premium, low max out of pocket costs and extremely low copays.
Lots of added benefits not covered by Medicare such as acupuncture, chiropractic, podiatry, hearing, vision, dental, gym memberships, and transportation.
These plans are wonderful for people that enjoy an HMO network and want to save money.
