Medicare Advantage:

Medicare Advantage is like an all-in-one alternative to Original Medicare.

It combines your Part A (hospital) and Part B (medical) coverage into a single plan provided by a private insurance company.

These plans may offer extra benefits like prescription drugs, dental, vision, and hearing coverage.

You usually need to use doctors and hospitals within the plan's network.

You may have copayments or coinsurance for the services you receive.

Yes, it's possible to be eligible for both Medicare and Medicaid. This is called "dual eligibility," and it provides additional coverage and financial assistance for individuals who meet the requirements of both programs.

Yes, there are various financial assistance programs available for Medicare beneficiaries with limited income and resources. Examples include the Medicare Savings Programs, Extra Help/Low-Income Subsidy for prescription drugs, and state-specific programs that help cover Medicare premiums and other costs. Schedule a call with me today!

Medicare supplements, also known as Medigap plans, are private insurance policies designed to work alongside Original Medicare (Part A and Part B). These plans help cover the "gaps" in Medicare coverage, such as deductibles, copayments, and coinsurance. Medicare supplements are standardized and offered by various insurance companies. They provide additional financial protection and can help reduce out-of-pocket costs for healthcare services for individuals with Original Medicare.

Medicare Advantage:

Ideal for individuals who prefer having comprehensive coverage in a single plan.

Well-suited for those who want additional benefits beyond what Original Medicare offers, such as prescription drug coverage, dental, vision, or hearing services.

Suited for individuals who are comfortable using a network of doctors and hospitals.

Can be a good fit for those who prefer predictable copayments or coinsurance for healthcare services.

May be a preferred option for individuals who are relatively healthy and do not anticipate frequent hospital visits or extensive medical needs.

Medicare Supplements (Medigap):

Ideal for individuals who prefer more flexibility and freedom in choosing healthcare providers.

Well-suited for those who want a plan that helps cover the out-of-pocket costs associated with Original Medicare, such as deductibles and coinsurance.

Can be a good fit for individuals who require frequent medical care or have ongoing health conditions, as Medigap plans can help reduce overall healthcare costs.

Suited for individuals who travel frequently and want coverage that extends nationwide.

May be a preferred option for individuals who value stability and consistency in their healthcare coverage, as Medigap plans provide standardized benefits across different insurance companies.

Ultimately, the ideal candidate for Medicare Advantage or Medicare Supplements depends on individual preferences, health needs, and budget considerations. It's important to review and compare the available plans with Nu Horizon licensed professionals, considering factors like coverage, cost, network restrictions, and personal healthcare requirements before making a decision.