To choose the right coverage, first you need to know the basic parts about Medicare.
Part A - This covers your hospital and nursing care. The federal government provides Part A, and most people don't pay a monthly premium. If you're admitted to a hospital, there's a deductible and some further cost sharing that you pay.
Part B - This covers your doctor’s care when you’re sick or have a medical condition. The federal government provides Part B, but you will be obligated to pay a monthly premium. Part B also has a deductible and some cost sharing that you pay when visiting the doctor as well.
Part D - This covers your prescription drugs and is a great addition to pair with the Medicare supplement insurance. You probably won’t need it if you get Medicare Advantage since most Medicare Advantage plans come with this.
Part C - Also known as Medicare Advantage plan. This combines your Part A and B (and in most cases Part D), including extra benefits such as dental coverage, vision care, gym memberships, transportation, AND a lot of them have a $0 monthly premium as well! However, you will still be obligated to pay the Part B premium every month.
Medigap Policy - Also known as Medicare Supplement Insurance. This is a private health insurance policy that helps supplement Original Medicare. This means it helps pay some of the health care costs that Original Medicare doesn't cover (like co-payments, coinsurance, and deductibles). These are "gaps" in Medicare coverage, and most monthly premiums for these policies will vary depending on your plan, gender, age, and zip code.
We've come to know the details you need to help pick a Medicare solution that works best for your health - and your wallet. Whether you're new to Medicare or you want to know more about our Medicare solutions, we're here to help.