If you are getting ready to start receiving Medicare or even if you have had Medicare for a while, you may have questions about your coverage and the options available to you. At R&R Insurance Group LLC in Quakertown, PA, we can give you the information you need to make the right decision.
What is Medicare Supplement insurance?
A Medicare supplement plan helps to pay the yearly deductible and the copay that comes along with traditional Medicare, which pays only 80% of assigned charges. You have options when it comes to supplemental policies; some pay 100% of the unpaid portion, and others pay only a percentage. These plans are called Medigap. They have a monthly cost in addition to what you pay for your Medicare Part B.
What is traditional Medicare?
Traditional Medicare is made up of two parts, Part A which is hospitalization, and Part B medical. Part A you get for free, and Part B payment is deducted from your Social Security payment. You must carry a Part D drug plan unless you have another creditable drug plan.
What to look for in a Medicare Advantage Program?
Medicare Advantage or Part C is an option to traditional Medicare. It is offered by health insurance carriers. Medicare Advantage programs offer a lot of additional services. Begin by looking for a zero-premium plan with no deductible. This is a good place to start. You also want Part D drug coverage included.
Advantage plans offer additional benefits like dental, vision, and hearing. They offer Silver Sneakers or Renew, which provides membership to a health club, YMCA or gym. Another option is a quarterly or yearly allowance for over-the-counter expenses.
Contact Us Today
At R&R Insurance Group LLC, serving the greater Quakertown, PA community, we can help you to make sure you make the right decision about your Medicare.