Medicare Options

INSURANCE PLANNING

Medicare Options

  • Medicare Supplement (also known as Medigap) is an insurance product that helps to fill in the gaps of what Medicare Part B does not cover such as Copayments and Coinsurance. Depending on the plan you choose, if Medicare covers it then the Medigap policy will either cover some or most of the remaining costs. Premiums for this coverage is a fixed annual premium but with little to no additional out of pocket costs.
  • Medicare Advantage (also known as Part C) is an insurance product that takes place of the Medigap plan. Medicare Advantage have stricter rules then a Medigap policy, but the premiums are much cheaper. However, the out of pocket costs to the insured are very high and should be considered when choosing this type of plan. It does have some added benefits that is not offered with Medigap such as Prescription drug coverage, vision and dental.
  • Medicare Part D (Prescription Drug Coverage) is an insurance product that helps to cover your Prescription drugs. Even though we do not enroll you into this plan, we will help to run quotes and give you the data needed to enroll. Every October a letter will go out to you from us to see if there is a better plan for you to save on costs.