Original Medicare, otherwise known as Parts A and B, only cover a portion of your medical bills. You may be faced with high deductibles, high out of pocket expenses, and a great deal of exposure if you do nothing to protect yourself. A Medicare Advantage plan can help narrow the risk with little to no cost for you. Medicare Advantage, also known as Part C, offers multiple plan options, many networks to choose from, and various premium options to fit any budget.
Medicare Drug Plans
Many people do not know that Original Medicare offers little to no drug coverage. In order to receive benefits for your prescriptions, you must buy a Medicare Drug Plan. These plans, also known as Part D, can be purchased alone or attached to a Medicare Advantage plan. Additionally, you may receive a higher premium if you choose not to buy a plan when you are first eligible. If you want Part D coverage and opt for Medicare Advantage, these plans are combined into one inclusive package. Conversely, if you choose a Medicare Supplement or have some other form of coverage, a stand-alone Medicare Drug plan may be your best option.
An alternative option for Medicare Advantage, Medicare Supplements can provide you with very strong, broad coverage. Many plans provide little to no exposure for the consumer. By choosing a Medicare Supplement, you can go to any doctor that accepts Medicare. These plans are particularly advantageous for those who enjoy traveling in their later years. By including a stand-alone Part D Drug plan, you should feel comfortable and confident in your medical insurance. If you want to discuss what Medicare plan best fits your needs, request a free quote today.
While Medicare Advantage plans offer very viable, affordable means of limiting your risk, they often have some exposure. Often, you must pay a copay for various benefits you receive. Despite the extra protection, many face financial difficulties if they are admitted to a hospital, visit the emergency room, or require an ambulance ride. When you are in such a crisis, the last thing you want to be worried about is whether you can afford your hospital bill. Luckily, the insurance agents at Blackmore Benefit Group can provide you with options to help offset your out of pocket expenses. Ask about our risk aversion plans today!