Compare Medicare Options
Because Medicare is divided into various parts with different coverage options, it’s extremely important to compare your options so you can choose the plan that works best for your coverage needs.
At Simple Retirement Benefits, we’re here to make the comparing process much simpler. We will provide you with all the needed information to make sure you make the right choice.
Original Medicare and Medigap
Original Medicare is divided into two parts, which consists of both Part A and Part B. These two parts of Medicare will provide you with your inpatient hospital and outpatient medical coverage. However, to enroll in other Medicare plans, you must be enrolled in Original Medicare.
For example, Medicare Supplement plans, also known as Medigap, require you to enroll in Original Medicare first before you can enroll in a Medigap plan. These plans should not be considered as primary insurance, though. Rather, they cover the out-of-pocket costs that Medicare Part A and Part B doesn’t pay for, such as deductibles, coinsurance, and copays.
There are ten Medigap plans available, and they each offer a different level of coverage ranging from the most basic to the most comprehensive. That’s why comparing your Medigap options is super important because if you decide to use one of these plans to supplement your Original Medicare coverage, you need to make sure you’re getting the coverage you absolutely need.
Medicare Part C
Medicare Part C is also known as Medicare Advantage and serves as an alternative to Original Medicare. It covers the same services covered under Original Medicare. However, some Medicare Advantage plans also provide coverage for prescription drug costs and additional benefits like dental, hearing, vision, fitness memberships, and more.
There are several types of Medicare Advantage plans to compare, though, before you make an ultimate decision. These plans include HMOs, PPOs, MSAs, SNPs, and PFFS plans. Each of these plans has different requirements, and some will even require you to stay within a specific provider network to receive care.
So, before choosing a Medicare Advantage plan, reach out to Simple Retirement Benefits today, and we can help you compare all your options.
Medicare Part D
If you need coverage for prescription drugs, then Medicare Part D may be right for you. Medicare Part D is a standalone prescription drug plan that can be bought and added alongside Original Medicare, or it can be included as an additional benefit with a Medicare Advantage plan.
When it comes to coverage, each Part D plan will have a formulary, which is a list of the prescription drugs that are covered. Now, before you decide on a Part D plan, keep in mind that you need to compare prescription drug plans from various providers to see if the drugs you take are covered.
At Simple Retirement Benefits, we can help you compare all your Medicare options to make sure you get the coverage you deserve. So, give us a call today at 512-432-5414 to get this process started!
Reach out to
Simple Retirement Benefits, LLC
If you are still unsure of which Medicare plan is right for you, we can help. We will discuss all the coverage options with you to determine which plan is best for your needs.
Give us a call today to speak with one of our agents.
