First and foremost, the reason for this part of Medicare is to help pay for the 20% that Medicare A and B does not cover. For this third part of Medicare you have a choice between a Medicare Part C plan (which is also referred to as a Medicare Advantage plan), and a Medicare Supplement plan.

A Medicare Part C plan or Medicare Advantage, is private insurance. It’s an alternative benefit to original Medicare. Medicare Advantage may include prescription drug coverage, along with other extra benefits such has hearing, vision and dental. Medicare Advantage usually has low premiums. The cost of Advantage plans varies by carrier, county of residence, and plan selected. You will usually have copays to pay for services and a network to adhere to. You do not enroll in part C at the Social Security office, as this part is offered through private insurance companies. Therefore it is highly recommended to speak to an agent that is well versed in Medicare Supplement and Advantage products before enrolling in a Medicare Advantage plan.

A Medicare Supplement plan is the other option for the third part of Medicare. A Medicare Supplement will pay for the 20% that Parts A and B leave you to pay, without the need to leave original Medicare and without the need to adhere to a network. Most Medicare Supplement plans will give you 100% hospital and medical insurance, and there are even plans with no copays.

Choosing between a Medicare Supplement plan and a Medicare Advantage plan is a very important decision. A non-biased agent who offers both options is a valuable asset to you. Your choice should be made with multiple factors taken into consideration: your budget, your location, your health, and other factors. Call us at 866-599-6585 to discuss this choice at no cost to you.