Seniors face a bewildering array of health plan choices. Should you stick with Original Medicare, which provides only hospital and medical coverage? Original Medicare, plus a Medicare Supplement from a private insurer? Or should you opt to buy a Medicare Advantage plan through a private insurer to take care of all your health insurance needs?
Medicare Supplement, or “Medigap” Plans
If you have Original Medicare (Parts A and B), a Medicare Supplement plan can fill the “gaps” left in your coverage, including deductibles, co-payments and uncovered services.
Medicare Part B has a monthly premium. For an additional low monthly premium, a Medigap plan can help you avoid unpleasant financial surprises. Policies cover individuals only (no family coverage), so you and your spouse will need separate policies.
Medicare Advantage plans (also called “Part C”) take the place of Original Medicare. Written by private insurance companies, they include all the benefits of Medicare Parts A and B, and often include other coverage, such as Medicare prescription drug coverage (Part D), sometimes for an extra cost.
If you have a Medicare Advantage plan, you do not need (and cannot use) a Medicare Supplement policy.
Our Guide to Medicare Basics
For a more complete discussion of Medicare, how it works and how to get the most from it, please read our Guide to Medicare: Medicare Basics.
Our “Medicare Mondays” meetings
We hold our “Medicare Mondays” meetings the first Monday of every month at our office at 9 AM. These are informal, informational presentations with coffee, donuts, bagels, etc. The topic is “Medicare 101”. Specific companies and products will NOT be discussed. This is just an overview of how the Medicare parts fit together and the general types of solutions that are available.
If you would like to attend, please RSVP by the previous Friday so that we can order food appropriately. Please call us at (314)-849-6363 or click here to send us an email if you would like to attend. Please let us know if if you have any questions or need directions to our office.