Medicare isn’t one-size-fits-all health insurance. You have many options. It all starts with an understanding of what’s available.
Medigap plans are supplemental insurance that fill Original Medicare’s coverage gaps (co-pays and deductibles). For most people, Original Medicare, combined with a good Medicare Supplement and a prescription drug plan, offer the best health insurance available. Best of all, Medigap plans complete on price, not benefits.
Medicare Advantage (Medicare Part C) was created to give people more options. When you choose Medicare Advantage, you’re enrolling in a private HMO or PPO managed care health plan. The advantage is the additional benefits these plans can offer, including prescriptions, dental, hearing and more.
Medicare Part D
Medicare Part D is how people with Medicare benefits get help with their prescriptions. They are compatible with Medigap plans, and most Medicare Advantage plans include a Part D plan (PDP). No matter which way you go, you need to fully understand how a PDP covers you and how much your prescriptions will cost.