You can opt for the traditional Medicare Parts A, B and D and a supplemental Medigap plan or you could just choose Medicare Advantage, an alternative to Original Medicare.
Medicare Advantage, also known as Part C, covers prescription drug costs through private insurance companies, for a monthly fee, besides the Part B premium, which depends on your selected plan. You will still have to cover co-payments, deductibles and other out-of-pocket costs but nor required to sign up for Part D or Medigap policy.
The advantages of Medicare Advantage are, in most cases, the lower premiums. On the other hand, cost-sharing is higher compared to Medigap policies. In addition, you might not have access to the same variety of providers as with traditional Medicare.
See also: 8 Types of Retirement Income That Are Exempt From Taxes
Now that we have vaccines, many seniors are eager to travel again. While many of…
When you're traveling, you're not spending all of your time and energy trying to figure…
Don't you have a member in your family that grabs a lemon and easily eats…
Ever since it started, the motion picture industry hasn't ceased to impress its audience with…
Most of us have a favorite TV show we loved so much that we used…
Have you ever thought about having surgery? Maybe you have a medical condition and you…