Medicare Advantage Plans

 I want to continue sharing some tidbits about Medicare this week, specifically about Medicare Advantage plans. You can choose to sign up for traditional Medicare: Parts A, B and D, and a supplemental Medicap policy. Or you can go an alternative route by signing up for Medicare Advantage, which provides medical and prescription drug coverage through private insurance companies. Also called Part C, Medicare Advantage has a monthly cost, in addition to the Part B premium, that varies depending on which plan you choose. With Medicare Advantage, you don't need to sign up for Part D or buy a Medicap policy. Like traditional Medicare, you'll also be subject to co-payments, deductibles and other out-of-pocket costs. In many cases, Advantage policies charge lower premiums than Medicap plans but have higher cost-sharing. Your choice of providers may be more limited with Medicare Advantage than with traditional Medicare. If you have questions or when you get your Red, White, and Blue card give me a call and I'll do Medicare 101 for you. There's no cost or obligation. Call for an appointment at 320-679-5183.