Medicare Easy as ABC – Medicare Coverage Options
Medicare is extremely confusing and the frequent changes that they make only help make it even more confusing. Medicare Plans Today is here to give you Medicare Advice free of charge. MedicarePlansToday’s Medicare Insurance Plans are offered throughout the United States. We have 20+ years experience in the Senior Health Insurance industry and will strive to help you make the best informed decision about the many different Medicare Plans available. Here’s a quick outline of the many different Medicare options.
To speak with a friendly Medicare Professional please give us a call Toll Free at: 1(866)866-7951.
The ABC’s of Medicare
- Medicare Part A
- Hospital – Original Medicare
- No Premium
- No Deductible
- Medicare Part B
- Medical – Original Medicare
- Monthly Premium
- Annual deductibles and you pay 20%
- Medicare Part C
- Medicare Advantage Plans
- Purchased via Private Insurers
- Additional Benefits (the “Advantages”)
- Medicare Part D
- Covers Prescription Drugs.
- Offered through prescription drug insurance carriers.
When it comes to additional Medicare Benefits and Coverage you generally have two options.
Medicare Part C / Medicare Advantage Plans
- Covers all of Part A, B of Medicare
- All Medicare Advantage Plans have to be Medicare Approved
- These do carry monthly premiums.
- The extra “Advantages” (annual physical, vision, gyms).
- Coverage is available via regional and national carriers.
- Most plans also include coverage for Medicare Part D – i.e. prescription drug coverage.
Medicare Supplement aka Medigap plans
- Only covers Part A and B – You will need to purchase Medicare Part D.
- Standardized plans from Medicare.
- Premiums run at around $110 per month.
- Available via insurance companies.
Medicare Prescription Coverage (Medicare Part D)
- Available through RX Plan and Medicare Advantage
- Different Plans and co-pay levels
- Plans may or may not have deductibles.
- Plans may cover generics in the “gap”
- Your choice of purchasing at pharmacies or via mail order.
With Part D you will generally pay a co-pay not the retail price. Example:
|Your Co-pay||Retail Price|
Generally speaking when the co-pays and retail amounts total $2,700(this varies by plan).. you enter what’s known as the “Donut Hole”.
In the Donut Hole you will pay full price until you have paid $1,650(this also varies by plan) out of your own pocket. Once you are out of the “GAP” as it’s called you will pay the greater of $2.40 or $6 or 5%.
One of our Medicare Specialists can help you compare plans so that you aren’t blind when choosing a Medicare Health Plan that meets your health and financial needs. “Medicare Plans Today” knows how frustrating researching a medicare plan can be. We will help you find the best Medicare solution for your health specific and financial situation.
Call us now to start the ball rolling and get the information and attention of a dedicated Medicare specialist who can address all your Medicare Health Insurance for you.