Medicare
As you become eligible for Medicare, choosing the right plan is one of the most important financial and healthcare decisions you’ll make. This section outlines the key differences between two primary options:
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Medicare Supplement (Medigap) + Original Medicare
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Medicare Advantage (Part C)
Each option provides valuable benefits, but the best choice depends on your healthcare needs, budget, and lifestyle.
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How it Works:
You keep Original Medicare (Parts A & B) and add a Medigap plan to cover deductibles, copays, and coinsurance. You may also add a standalone Part D drug plan.​​
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Key Benefits:
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Freedom to choose any doctor or hospital nationwide that accepts Medicare
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No networks or referrals required
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Predictable out-of-pocket costs
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Excellent option for frequent travelers or snowbirds
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Guaranteed renewable for life
Considerations:
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Higher monthly premium than Medicare Advantage
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Separate Part D plan required for prescription coverage
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No bundled extras (dental, vision, etc.) unless purchased separately
Best Fit For:
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Those who value flexibility and nationwide access
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Clients with chronic conditions or frequent doctor visits
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Individuals wanting stable, predictable coverage long-term​
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​​​How it Works:
A private insurance plan that replaces Original Medicare and typically bundles medical, drug, and extra benefits into one plan.
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Key Benefits:
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Lower monthly premiums (some plans $0 premium)
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Includes prescription drug coverage
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Often includes extras like dental, vision, hearing, and gym memberships
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Annual out-of-pocket maximum for medical costs
Considerations:
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Network-based coverage (HMO or PPO)
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Referrals may be required with some plans
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Coverage and costs can change annually
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May have higher out-of-pocket costs and deductibles during major health events
Best Fit For:
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Those who prefer lower upfront costs
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Individuals who are generally healthy
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Clients comfortable using provider networks​
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How it works:
Part D helps cover the cost of prescription drugs. You join a Medicare drug plan in addition to Original Medicare, or you get it by joining a Medicare Advantage Plan with drug coverage.
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Key Benefits:
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Provides coverage as a standalone plan for those with Original Medicare​
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May cover vaccines and immunizations
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Only need to be enrolled in Part A or Part B
Considerations:
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May have additional separate costs
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May not work for individuals who prefer an all-inclusive plan​
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We can help elevate the stress of choosing the right plan. Contact us today​​