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