Medicare Advantage

Medicare Part C (Medicare Advantage)

Medicare Advantage is really a great option for most seniors. Why do we say that? Unexpected medical costs can add up quickly without the right coverage. When Original Medicare becomes too expensive, it is time to look into a Medicare Advantage Plan. Medicare Advantage Plans are offered by private insurance companies, approved by Medicare, and is an alternative to Original Medicare (Parts A and B). Besides hospice care, they cover everything Original Medicare (Part A and Part B) covers and more. It offers many of the benefits of a traditional PPO (Preferred Provider Option) or HMO (Health Maintenance Organization) plan and often costs less than Original Medicare. In fact, many plans offer additional benefits such as prescription drug coverage, dental, vision, gym memberships, hearing aids, and more!
Medicare Advantage Specialist Mesa Az
Medicare Advantage Plans go by many names such as Advantage Plans, MA Plans, and Part C plans but don’t be confused, they are all the same things. With that said, each Medicare Advantage plan sets its own specific costs and coverages, so it is important to understand what each one brings to the table. These plans have one convenient monthly premium, that’s usually less expensive than Original Medicare and also provide a protective annual out-of-pocket cost maximum, your limits of how much you pay for medical services each year. This is extremely important to keep your out-of-pocket healthcare costs under control.
Medicare Advantage Plan Comparison Chart

Medicare Part D (Prescription Drug Plans)

Prescription drug costs have skyrocketed over the years. Even with new legislation being enacted in recent years, prescription drugs remain a large cost for our seniors. Unfortunately, prescription drug coverage is not included in Original Medicare (Part A and Part B), so what should you do? Fortunately, there is an option. You can enroll in a Part D Plan or more commonly known as a Prescription Drug Plan!

Now, there is a little bit to this so we’ll do our best to make this as easy to understand as possible. Once you have enrolled in Medicare Parts A and B, you can add one of the Prescription Drug Plans available in your area. There are a variety of Medicare Prescription Drug Plans available to you and all vary in cost and coverage. That is why we recommend contacting a us as soon as possible so that we can compare these plans according to your specific prescriptions and budget.

Medicare Part D Broker Mesa Az

The one exception to enrolling in a Part D plan is if you enroll in a Medicare Advantage plan that already includes prescription drug coverage. These are referred to as MAPD plans and also vary in cost and coverage. This is why it is so important to sit down with a licensed agent so that you can review all of your options.

Don’t forget, if you are not enrolled in a qualifying MAPD plan and fail to enroll in a Part D plan in time, you may face a late enrollment penalty! If you have a period of 63 days or more without Part D or other creditable drug coverage, you may have to pay a late enrollment penalty. The penalty is calculated each year by multiplying 1% of the national base beneficiary premium ($32.74 in 2020) by the number of full, uncovered months you were eligible. To simplify this, just give us a call!

Part D also has a premium and it varies based on your income. We have included a chart below to help you better understand how Part D premiums work!

Drug Plan specialist Mesa AZ
Medicare Part D Agent Mesa AZ

Know Your Options and Call Us Today for More Information

Our advice is built with no agenda, just pure guidance when it comes to life insurance coverage. You can count on David Petersen with 40 plus years of experience. With our help, we will ensure you gain coverage the way you want to. For more information, call us at 480-694-2470