Zent Senior Health Insurance

Medicare Advantage vs. Medigap

You can't have both, so you must choose wiselyAnyone who's ready to sign up for Medicare has a lot of decisions to make. But one decision is especially important—should you choose Medicare Advantage or use Medigap to supplement your Original Medicare plan?

KEY TAKEAWAYS
• Original Medicare provides good basic health coverage, but it pays only about 80% of approved costs for hospitals, doctors, and medical procedures and usually doesn't cover prescription drug costs or such things as routine dental care.1
• Medigap supplemental insurance plans are designed to fill Medicare Part A and Part B coverage gaps.
• To avoid penalties and gaps in coverage, most people should sign up for Medicare Part A (hospital insurance) and Part B (medical insurance) within the seven-month window that starts three months before the month they turn 65 to three months following their 65th birthday.2
• Medicare Advantage, also referred to as Medicare Part C plans, often include benefits beyond Medicare Parts A and B. Private, Medicare-approved health insurance companies offer these plans.
• Although Medicare Part D prescription drug coverage is optional, if you don’t get it either as a stand-alone plan or as part of a Medicare Advantage plan, there may be financial penalties if you need to buy a policy later on.
• Consider plan costs, plan doctors, convenience, your lifestyle and travel plans, your health, and any additional benefits in making your Medicare coverage choices.

If you qualify for Medicare and don't know where to start, I can help you with your decisions about Medicare Advantage, Medicare Supplement Insurance and Prescription Drug Part D plans as well as dental, vision and hearing coverage.

Gary Zent Senior Health Insurance
Zentsenior.com
317 374-5186

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