I have some clients who choose to keep their original Medicare, and add on supplement (Medigap) to pick up the 20% that medicare left over and pick up a part D drug plan to cover meds.
In this way, they have very little out of pocket costs and can see any doctor in the US that accepts Medciare. But they will generally pay much more in premium than on a Medicare Advantage plan.
Other clients wish to allow a private company take over for Medicare and manage all the benefits Medicare would have managed. These individuals understand they have a network of doctors (HMO's, PPO's, ect) that they need to adhere to, and realize they will pay out of pocket copays up to a maximum. But, they will generally pay much less in premium than on a supplement.
Which one is right for you? Our agency has hundreds of clients on either side of this choice. One is not right or wrong, or better or worse. At Aaron Flake Health Agency, we help you determine which type of medicare plan fits you most appropriately and even which company fits your needs. Contact us today for an appointment
Government websites do not have the best reputation for being helpful but Medicare.gov is certainly an exception to that rule. A Medicare participant can look at all advantage and part D plans available in their county and even plug in their meds to see which company covers those meds. Unfortunately, it does not reflect the differences in network of the plans, or extras like dental vision or hearing that the plan may include. That's where a local broker comes in very handy.
A Brief Overview
Many of my clients have found this short video from Blue Cross helpful in understanding how medicare works.