Medicare Part CLet me help you
A Medicare Advantage plan unites hospital,
doctor, and prescription drug coverage. These compact plans may also have other benefits not offered through original Medicare. Advantage plans aren’t Medicare supplements. But rather, you’re receiving your benefits from an
insurance provider that’s approved and contracted with CMS (The Centers for Medicare and
Medicaid) to manage your Medicare. The idea behind
this is that private insurance companies are more financially effective than
the federal government, and should be able to stretch the money allocated to
offer you more benefits.
Advantage plans don’t fill the openings, but rather
offer you place co-pays, co-insurance, and deductibles which may control costs and
restrict your out-of-pocket expenses compared to Medicare. Advantage plans also
often include Part D drug coverage, as well as many additional advantages not
included in Medicare, such as dental, vision and hearing. A lot of men and women select an
Advantage plan since it will frequently have reduced monthly premiums or no premiums
Edge programs also provide an open enrollment
period when you become Medicare eligible. Plans also have an Yearly registration period because firms contract for a single calendar year at a time, and may change or discontinue plans annually
Medicare Supplement Plans
Need more predictable out-of-pocket costs? I can register you into a
Medicare supplement program that can help fill the gaps in your Medicare Part A
and B coverage, therefore there are fewer surprise expenses. A Medigap policy
(Medicare supplement) is the conventional kind of plan that has been around
since 1965. Medicare Part A requires you to pay a hospital allowance and co-pays for
lengthy stays and Section B requires you to pay 20 percent of covered outpatient
charges. A Medigap policy will, to some extent, fill those gaps.
Medigap insurance is available as one of many standardized programs. Plans will be the same from one company to another. When
you first become eligible for Medicare, you have an open enrollment period that
lasts six months from the first day of the month that you become qualified.
In this time an insurance provider can not deny you the chance to
buy any policy that they sell, no matter what pre-existing medical
conditions you might have.
If the Medigap policy is affordable, this is the
best time to buy. Compare rates with different companies, understanding that
coverage will be the same regardless of which company you look at.
If you Select a Medigap policy you will also need
to purchase a standalone Component D drug program, because it is not contained in this
Kind of Medicare program
Medicare Prescription Drug Plans
Medicare Part D
I can help you better handle your prescription expenditures with a
Medicare Part D prescription drug plan. Contact me to decode the eligibility
requirements. Choose from 2 ways to get prescription medication
coverage. It is possible to choose a Medicare Part D plan.