Medicare itself is made up of four different parts:
If I Have Medicare Parts A, B, and D, Do I Need Medigap?
Surprisingly, even seniors who have three out of the four parts of Medicare listed above may still need Medicare Supplement plans. That's because there are actually a lot of medical costs that don't fall neatly under any one of those umbrellas, and without Medigap coverage, you may not be reimbursed or covered. For instance, doctor's visit copayments and out-of-pocket hospital costs won't be covered by Medicare Part A, so seniors without Medigap are often stuck paying those fees themselves. Medicare Supplement coverage can also be a bit daunting at first, since there are actually 10 different types of these Medigap plans to choose from. Each Medigap plan has its own letter of the alphabet (A, B, C, D, F, G, K, L, M, and N), and each type offers different amounts of coverage. You do need Medicare Part A and B to be eligible for a Medigap plan. At S2S Silver Services, we can help you find the right Medigap plan for your situation.
Is It Better to Get Medicare Advantage or Medicare Plus Medigap?
It really depends on your personal needs. For some, Medicare Advantage will be better because the copayments are often lower and coverage is consolidated. But on the other hand, your out-of-pocket fees may actually be higher with this type of insurance. If you need help paying for prescriptions, you should enroll in either Medicare Advantage or Medicare Part D. But a Medigap plan gives you access to a wider provider network and is often better for those with health conditions because it can save patients more money in the long term. S2S Silver Services can help you determine what type of Medicare insurance plan will be right for you.
At S2S Silver Services, we want to make the Medicare process easy and painless. If you need help deciding on the right Medicare plan, contact us today.