People learn about new ideas in different ways. Some people absorb information best by reading. Others prefer to listen to someone talk. Still others might wish to see a demonstration of the concept.
How do you decide which Medicare plan is right for you? Start by asking yourself the following questions. Am I in good health? How often do I see my doctor? How much can I afford each month? Am I willing to change doctors if it means lower healthcare costs? Answering these questions will help you to select the right Medicare plan or plans for you.
Medigap plans, also known as Medicare supplement insurance plans, are designed to help pay some of the hospital and medical costs not paid by Original Medicare, Parts A & B.
Some people are surprised to learn that Original Medicare, Parts A and B, do not cover the cost of prescription drugs. This is where the optional coverage of Medicare Part D comes into play. You can purchase Medicare Part D prescription coverage on its own or as part of a Medicare Advantage plan (Part C). Selecting this coverage is optional, so if you want it you must enroll.
When you add Medicare Part A, plus Medicare Part B, plus additional coverage, you get Medicare Part C. Also known as a Medicare Advantage plan, Medicare Part C helps cover the cost of hospital stays and doctor’s office visits, which are covered by Original Medicare, as well as things like: prescription drugs, vision, hearing and may include preventive care and wellness programs.
Do you have a lot of Medicare questions? Understanding Medicare is not always easy. Whether you are nearing the age of 65 or otherwise eligible for Medicare, retiring after the age of 65, or you are interested in switching your Medicare plan; understanding your options is important.