Take Control of Your Future
Understanding your options under Medicare can be a complicated and daunting task. We are here to help!
Understanding your options under Medicare can be a complicated and daunting task. We are here to help!
Health insurance can be a confusing landscape in Forest Hills, Grand Rapids, Kentwood, Walker, Wyoming, MI, and the surrounding areas, even when it comes to retirement and Medicare plans. This is why working with a licensed representative at Weadock & Associates can answer questions about the plans our agency offers and provide general information. Specifically, when it comes to Medicare insurance, Medicare Part D as well as Medicare supplement plans can add to the confusion. We can help you understand how Part D and Medicare supplement plans work with Original Medicare.
Part D of Medicare is meant to cover prescription drugs that you may take, while Medicare supplement plans are designed to help cover deductibles, copayments, and other expenses that are related to Medicare Parts A and B. Contact us today to learn more about how Part D and Medicare supplement plans work with Original Medicare.
When you opt for traditional Medicare insurance coverage, you will be getting Parts A and B for your medical insurance. Part D is administered by private insurers. It may be added to Original Medicare for prescription drug coverage.
Medicare supplement plans are often referred to as Medigap plans because they provide a bridge over the gap of deductibles, copayments, and more. Some people compare the cost of a supplement plan with the Medicare expenses they may have under Parts A and B. The choice depends on individual use and preferences. This will need to be an individual choice by the client if they find that they are using their Medicare more than they anticipated.
Not all Part D plans or Medicare supplement plans are the same, so it helps to look at differences in costs and coverage, since plans vary. For example, with Part D plans, some of them have deductibles that must be met before the plan will cover prescriptions. Not all plans will cover the same drugs either. With Medicare supplement plans, you will want to compare the costs of each plan as well as what coverages they offer for the cost.
Both Part D and Medicare supplement plans are important aspects of your overall health insurance coverage as retirees in Forest Hills, Grand Rapids, Kentwood, Walker, Wyoming, MI, and the surrounding areas. With all of the variability between these plans, working with our team at Weadock & Associates can explain the plans our agency offers and help you review the features available in your area. Contact us today to learn more.
This information is for general educational use. Medicare Part D drug plans are offered by private insurers contracted with Medicare. Formularies, pharmacy networks, premiums, and availability vary by location. Speak with a licensed representative for information about the plans we make available.
Medicare Supplement (Medigap) plans are offered by private insurers and work only with Original Medicare (Parts A and B). They cannot be used with Medicare Advantage plans. Plan availability, costs, and coverage vary by state and eligibility date. Benefits for Plans C and F are not available to people new to Medicare on or after January 1, 2020.
Content on this page is for general informational purposes only and does not include plan-specific details. For official Medicare information, visit Medicare.gov or call 1-800-MEDICARE.