After that, there are two roads you can walk down:
Option 1: Medicare Supplement and an Rx Card (Part D, standalone)
This type of insurance, also known as Medigap, helps cover the cost that Original Medicare doesn’t such as copayments, coinsurance, and deductibles. While Original Medicare is very beneficial, many find that it leaves you with a lot of gaps in terms of out-of-pocket fees. Such gaps can really add up over time, which is why Medigap can help. You can also get an Rx card to help with covering prescription drugs.
Option 2: Medicare Advantage Plan (Part C)
You usually pay a monthly premium for the Medicare Advantage Plan in addition to your Part B premium. Depending on your age, needs, and healthcare plans, this extra premium could save you money in the long run. Medicare Advantage Plans also use copay systems, whereas Original Medicare charges you a percentage of a treatment’s cost for common health services. If you go to the doctor frequently or anticipate costly outpatient procedures, a Medicare Advantage Plan may be right for you.
Determining which of these options and which specific company is where we can help you save a terrific amount of money. This is because we are brokers and deal with all the major plans and know their nuances, our relationships with doctors and their networks and our 30 years plus of experience with Medicare plans. Of course you never pay a dime for our counsel.