A quick look at your Medicare coverage choices
There are 2 main options for how you get your Medicare coverage.
Option 1 – Original Medicare + Medicare Supplement (Medigap)
- This includes Part A and Part B.
- Part A – Hospital Insurance
- Part B – Medical Insurance
- You can Add: Part D – Medicare Prescription Drug Coverage
- You can also Add: Medigap – Medicare Supplement Insurance.
- (Medigap policies help pay your out-of-pocket costs in original Medicare.)
- Affordable monthly premiums
- No Network
- Covers most Medicare related expenses with little out of pocket expense
Option 2 – Medicare Advantage (Part C)
- These plans are like HMOs or PPOs, and typically include Part A, B and D
- Part A – Hospital Insurance
- Part B – Medical Insurance
- Part D – Medicare Prescription Drug Coverage
- (Most plans cover prescription drugs. If yours doesn’t you may be able to join a separate Part D plan.)
- Advantage plans generally have little to no monthly premium
- PPO or HMO Networks
- Copays for most services
- Preset maximum out-of-pocket for in or out of network
- There are additional benefits for those with Medicare & Medicaid