As you approach Medicare eligibility, it's important to consider all of your options for healthcare coverage. Two popular options are Medicare Supplements and Medicare Advantage plans.

 Medicare Supplements, also known as Medigap plans, are designed to supplement Original Medicare (Parts A and B). These plans help cover some of the out-of-pocket costs that Original Medicare does not cover, such as copayments, coinsurance, and deductibles. Medicare Supplements are offered by private insurance companies and are available in 10 standardized plans, each with its own set of benefits. It's important to carefully compare the different plans and choose one that fits your specific needs and budget.

 Medicare Advantage plans, on the other hand, are an alternative to Original Medicare. These plans are offered by private insurance companies and typically provide all of the same benefits as Original Medicare, as well as additional benefits such as vision, hearing, and dental coverage. Some Medicare Advantage plans also offer prescription drug coverage, which is not included in Original Medicare. Like Medicare Supplements, it's important to carefully compare the different plans and choose one that fits your specific needs and budget.

 According to national statistics, the average out-of-pocket healthcare costs for seniors on Original Medicare are over $5,000 per year. This includes costs such as copayments, coinsurance, and deductibles, as well as expenses for services not covered by Original Medicare, such as long-term care and dental care. Medicare Supplements and Medicare Advantage plans can help cover these costs and provide additional benefits to help reduce your out-of-pocket expenses.

 It's important to carefully consider your options and find the right plan with the most benefits for you. Don't be overwhelmed by the process – our agents are here to help you understand your options and choose the coverage that is right for you. If you are interested in learning more about Medicare Supplements and Medicare Advantage plans, request your FREE, NO OBLIGATION quote TODAY!