What Medicare Plan is Best for You?
We Help Senior Make a Decision between the Two Solutions
Artisan Insurance Group will assist you to determine which plans are best for you. Our Free Medicare Consultation with our analysis of your needs and our experience and knowledge of each plan’s coverage, features and price will result in the most optimal plans to meet your medical situation and budget. We explain the value of each Medicare plan and help you make a decision based on easy to understand information.
Summary of the Basic Plans and their Relationship
What are Medicare Supplement Plans
Medicare Supplement or Medigap plans will pay the difference between the total costs and the amount Original Medicare pays out. A quick high-level summary of Supplement Plans are:
- Higher monthly premiums usually means more coverage & features
- Low or no co-payments for doctor or hospital visits
- Prescription drug plans may not be included (purchase prescription drug coverage separately)
- In most cases no network restrictions on physicians — you may see any doctor that accepts Medicare
What are Medicare Advantage Plans?
Medicare Advantage plans usually offer a lower-cost option than the Medicare Supplement Plan to those willing to get services within a defined network. This network may not include your current Health Care Provider. A quick high-level summary of Advantage Plans are:
- Low monthly premiums or no premiums
- Required co-payments for doctor or hospital visits
- Prescription drug plans (usually) included
- Restricts the number of in-plan doctors through HMO or PPO networks
What are the Prescription Drug Part D Plans?
Prescription Drug Part D plans are to only cover prescription drugs. It important to know:
- If you select a Medicare Supplement Plan the most likely you will have to purchase a Prescription Drug Part D plan for prescription drug coverage.
- These Part D plans (sometimes called “PDPs”) add coverage to Original Medicare, and can be added to a Medicare Cost Plan, a Medical Savings Account (MSA) Plan, and to some Medicare Private Fee-for-Service (PFFS) Plans.
To learn more about Medicare Open Enrollment, click on Medicare Enrollment for 2018