Understanding Medicare

Medicare offers diverse coverage options for individuals over 65 and those with specific disabilities below 65. To select the most suitable plan, it’s crucial to know the benefits each type provides and their associated costs. Additionally, ensure that your chosen plan is accepted by your current healthcare providers and covers any necessary prescription medications.

Identifying Your Ideal Medicare Plan with The Little Guy

The best Medicare plan is one that aligns with your personal health needs and financial situation. Let The Little Guy Insurance assist you in understanding and choosing from the various Medicare options:

Original Medicare (Part A and B)

This foundational coverage includes hospital (Part A) and medical insurance (Part B). It’s crucial to note that Original Medicare may not cover all expenses, leading many to seek additional coverage.

Medicare Advantage Plans (Part C)

These plans, offered by private insurers approved by Medicare, typically include everything in Original Medicare plus prescription drug coverage. They may also offer extra benefits. Premiums, deductibles, and copayments vary, so it’s important to compare plans in your area.

Medicare Prescription Drug Plans (Part D)

For those needing prescription drug coverage, you can opt for a standalone Part D plan alongside Original Medicare or a Medicare Advantage plan that includes drug coverage. Check the formulary to ensure your medications are covered.

Medicare Supplement Plans (Medigap)

These plans fill gaps in Original Medicare coverage, such as copayments, coinsurance, and deductibles. They offer additional coverage for services like foreign travel emergencies. Premiums are set by private insurers and vary based on several factors.