Of the three options listed below, you will never lose your Original Medicare (as long as you pay your Part B premium). There is a myth that if you sign up for a Medicare Advantage Plan (we will talk about this below), you will lose your Medicare. <\/p>\n\n\n\n
This is not true. Keep that in mind as we discuss the 3 options.<\/p>\n\n\n\n
Option #1: Only Use Medicare with a Prescription Drug Plan<\/strong><\/p>\n\n\n\n This is NOT what we recommend. There are too many other options that cost very little and can save you tons of money in the long run.<\/p>\n\n\n\n This option is basically 80-20 insurance. Medicare pays 80%. You pay 20%. Your 20% comes AFTER you meet Part A and Part B Deductibles.<\/p>\n\n\n\n The reason we do not recommend this options is because there is no cap to your cost with original Medicare. <\/p>\n\n\n\n In other words, if you have a bill for $100,000, you will be required to pay your 20%, which is $20,000. <\/p>\n\n\n\n You can see that your exposure to financial setback is extremely high. That is the main reason we do not recommend this option.<\/p>\n\n\n\n Option #2: Medicare Supplement with a Prescription Drug Plan<\/strong><\/p>\n\n\n\n A Medicare Supplement is an insurance policy designed to pay what Medicare doesn’t pay. In other words, it pays your 20%.<\/p>\n\n\n\n A few things you need to know:<\/p>\n\n\n\n These are a few of the major considerations to keep in mind.<\/p>\n\n\n\n This works well for people who can afford the monthly premium and want to pay ‘upfront’ and not worry about it.<\/p>\n\n\n\n Option #3: Medicare Advantage Prescrption Drug Plans<\/strong><\/p>\n\n\n\n These are plans with companies that have a contract with Medicare to provide your medicare coverage to you. They are often called ‘Medicare Providers.’ <\/p>\n\n\n\n Many of these companies have plans with a zero monthly premium.<\/p>\n\n\n\n Instead of you paying an upfront premium, you will pay for services as you go.<\/p>\n\n\n\n For example, you might pay a small co-pay when you see your doctor. Or a copay when you go to the hospital.<\/p>\n\n\n\n They also offer things Original Medicare and Medicare Supplements do not offer. Things like Dental, Vision, Hearing, and other benefits.<\/p>\n\n\n\n Each plan is different, so you need to read the fine print to make sure the plan works for you. <\/p>\n\n\n\n OR…let me discuss your options to see what works best for you. I can do the leg work for you and review these options so you don’t have to read every piece of mail that comes to your mailbox.<\/p>\n\n\n\n One More Thing To Consider<\/strong><\/p>\n\n\n\n You might qualify for extra benefits from either the Federal Government or the State. <\/p>\n\n\n\n I help people see what they qualify for and help them fill out the paperwork. (it can be confusing but I’ve done it hundreds of times).<\/p>\n\n\n\n That’s it in a nutshell. I know it is a lot to digest. <\/p>\n\n\n\n