Medicare Options
At a high level, most people have two main options to consider when transitioning to full Medicare coverage.
OPTION #1 Original Medicare
- This option usually consists of the combination of:
- Original Medicare (Parts A and B)
- Plus a Medicare Supplement Plan (aka Medigap)
- Plus a Medicare Prescription Drug Plan (Part D).
- Most everyone pays a monthly rate for Part B (most people don’t have to pay anything for Part A).
- Supplement Plans and Prescription Drug Plans each charge you a monthly premium (in addition to your cost of Medicare Part B).
OPTION #2 Medicare Advantage Plan
- This is sometimes described as all-in-one Medicare Coverage.
- These plans bundle Parts A, B, and D into one plan (a supplement is not required).
- Most times these plans contain extra benefits over what original Medicare provides.
- And, many Medicare Advantage Plans have no additional monthly cost (you still pay Medicare for Part B).
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Centers for Medicare & Medicaid Services (CMS) Disclaimer — We do not offer every plan available in your area. Currently, we represent 10 organizations which offer 97 products in your area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program to get information on all your options.