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What are my Medicare Coverage Options?
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Includes Medicare Part A and B.
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You can use any doctor or hospital that accepts Medicare in the US.
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Does NOT cover prescription drugs. You’ll need to purchase a drug plan. (Part D).
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Original Medicare pays 80% of your Medicare approved costs.
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Medigap policies, sold by private insurance companies, can help pay some of the healthcare costs that Medicare doesn’t cover (like co-pays, deductibles and co-insurance).
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Does NOT cover prescription drugs (Part D).
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You’ll have to pay premiums for a Medigap policy.
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Helps cover the cost of prescription drugs.
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Sold by private insurance companies that follow rules set by Medicare.
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May help reduce your prescription costs.
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Part D plans usually have a premium.
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You may incur monetary penalties for not enrolling in Part D when first becoming eligible.
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An “all in one plan” alternative to Original Medicare. These “bundled” plans include Part A, Part B and usually Part D.
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Plans may have lower out of pocket costs than Original Medicare.
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Medicare Advantage Plans must cover everything that Original Medicare does.
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Most plans offer extra benefits that Original Medicare doesn’t cover – like vision, dental, hearing, transportation and more.