Original Medicare will cover approximately 80% of your medical costs after meeting annual deductible amounts. This can leave you potentially handling substantial medical expenses with no out-of-pocket spending limits. We recommend considering some form of coverage to alleviate these costs. Both Medicare Supplement and Medicare Advantage plans can reduce your healthcare costs, but they do not work together, and you cannot be enrolled in both. There are several items to consider when deciding between a Medicare Supplement and a Medicare Advantage plan.
Doing your Homework
Medicare Advantage plans are usually attractive due to the lower monthly premium and because they include prescription drug coverage. However, before enrolling in a Medicare Advantage plan, it is important to determine if you current doctors are in-network and how you medications will be covered. Before you make a choice, review all of your current medical needs and expenses. Working with an agent who understands these plan options can be very helpful — we are here for you and able to help you review your choices.