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Understanding Medicare Options

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After you enroll in Medicare Part A and B ( Original Medicare), there are two ways to get additional coverage.
 
Option 1: Purchase for a monthly premium a Medicare Supplement plan also known as Medigap, help fill in the gaps that original medicare does not cover. Some examples are it could pay for copayments, deductibles, and coinsurance. These plans are sold by private insurance companies.  Once Medicare pays its share of the approved amount  then the Medicare supplement/Medigap policy pays its share of the cost. “Since January 1, 2006, Medicare Supplement policies do not include prescription drug coverage. If you have a Medicare Supplement policy without prescription drug coverage, you can join a Medicare Prescription Drug Plan (Part D) during the Medicare Advantage Annual Enrollment Period (AEP).”

* Note: Medicare Supplement plans( Medigap) can’t work with Medicare Advantage plans.
Option 2:  Enroll in a Medicare Advantage plan offered by Medicare- Approved private companies. Medicare Advantage plans are also known as Part C
  • Part C – Combines Part A ( Hospital insurance) and Part B ( Medical Insurance)
  • Part D – It may include prescription drug coverage.
  • It may offer additional benefits not provided by original medicare

Some examples of these additional benefits offered by Medicare Advantage plans may include coverage for dental, vision, hearing aids and fitness membership.
If you are interested in comparing your options, please let us know. Our agents have many years of experience in the insurance industry. We represent multiple major national insurance companies; not just a single carrier.  Call us today 561-464-2273.
For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov.

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