Medicare Supplement or Medicare Advantage: Which Is Right For You? This video will help you decide.
If you’re turning 65 soon and going on Medicare OR already on Medicare, you may have questions about what Medicare covers and most importantly, what Medicare doesn’t cover.
Original Medicare only covers 80% of Medicare-approved Hospital and Doctor services. Seniors in America have two options when getting extra coverage. A Medicare Supplement plan OR a Medicare Advantage plan.
Medicare Supplement plans, also known as Medigap plans, pay for some of the health care costs that Original Medicare doesn’t cover- as well as being part of an overall financial protection plan.
Turning age 65 and signing up for Part B triggers a six-month Medigap open enrollment period when Medigap plans must be issued, regardless of any pre-existing conditions.
A Medicare Advantage Plan is a type of Medicare health plan offered by a private company that contracts with Medicare to provide you with all your Part A and Part B benefits.
When you join a Medicare Advantage plan (Part C), you basically are replacing your regular Medicare with that particular plan. If you have one of these plans, you have to follow the plan's rules, use their network of doctors and hospitals and you'll have a copay or coinsurance for every service/procedure you have done, with the exception of some Medicare-covered preventative services.
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The 4 Parts of Medicare
Medicare Part A Video
Medicare Part B Video
Medicare Part C Video
Medicare Part D Video
Medicare Supplement Plans
High Deductible Plan F
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