LEARN ABOUT MEDICARE
Medicare Advantage Plan or Original Medicare with a Medicare Supplement Insurance Plan
You can protect yourself against Medicare Part A and Part B coverage gaps and expenses by purchasing a Medicare Supplement Insurance Plan (often referred to as Medigap insurance) or a Medicare Advantage Plan (Medicare Part C), which often provides extra services, like vision and fitness coverage, not covered by Original Medicare
Also called Medicare Part C plans, Medicare Advantage plans are offered by private insurance companies. When you enroll in a Medicare Advantage plan, you must continue paying your Part B premium.
Depending on your area, Medicare Advantage Plans can offer additional benefits not covered by Original Medicare like dental, vision, hearing, and prescription drugs to name just a few.
Your costs will vary by the services you use and the type of plan you purchase. Each Medicare Advantage plan can charge different out-of-pocket costs and have different rules for how you get services, like needing a referral to see a specialist or using in network doctors and hospitals.
Remember, plan benefits can change from year to year. Talk to a licensed agent at Tepe Group to review your needs.
MEDICARE SUPPLEMENT INSURANCE PLANS
Original Medicare, (Part A and B) pays for many health-care services and supplies, but it doesn’t cover everything. Medicare Supplement (or Medigap) plans are sold by private insurance companies, and are designed to help fill the gaps in Original Medicare Part A and Part B coverage.
These Medigap plans help pay some of the hospital and medical costs that Original Medicare doesn’t cover, such as copayments, coinsurance, and yearly deductibles.
Coverage levels and premiums vary, but the benefits of each plan within a lettered category have to remain the same despite the insurance company or location.