![]() ![]() ![]() You could have higher monthly premium payments with Original Medicare than with Medicare Advantage, because you might want to add a Part D prescription drug plan and/or a Medicare supplement plan.You can add protection to Original Medicare by buying a Medicare supplement plan. Medicare Advantage provides financial protection with an annual out-of-pocket limit.Depending on the health care services and providers you use, your copays could be more with a Medicare Advantage plan if costs vary in-network versus out-of-network. Get General Costs How Medicare works Follow 2 steps to set up your Medicare coverage. Discover what cost words mean and what you’ll pay for each part of Medicare. Start here to get the basics and find out how Medicare works before you look at your coverage options. You may pay more copays with Medicare Advantage than with Original Medicare. Medicare offers different options for you to get health care coverage.You could have higher monthly premium payments with Original Medicare than with Medicare Advantage, because you might want to add a Part D prescription drug plan or other additional coverage. Whether your 65 th birthday is on the horizon or decades away, understanding the different parts of Medicare is critical, as this government-sponsored program may play a role in your future health care decisions. Your premiums may be higher with Original Medicare.The annual out-of-pocket limit provided can help keep your costs under control. You get built-in financial protection with Medicare Advantage.But consider the below specifically when comparing which option fits your financial situation best. Your total costs will vary based on the coverage you choose and the health services you use. Original Medicare does not provide any financial protection like this. This can really help keep your Medicare costs under control. Copays for covered health services and itemsĪ note about financial protection: A really great benefit with a Medicare Advantage plan though is there is a limit on your out-of-pocket costs (deductibles, coinsurance and copays).A plan deductible (not all Medicare Advantage plans have one).Let’s have a look at each part separately. You may be wondering what is the difference between Medicare Part A, Part B, Part C, and Part D. Look at your most recent Medicare & You handbook to learn what’s new, find out. If you need free help in a language other than English or Spanish, say Agent to talk to a customer service representative. Medicare Advantage is Part C, and prescription drug coverage is Part D. Call 1-800-MEDICARE (1-80) to get Medicare information and important phone numbers. Original Medicare is divided into Part A and Part B. Additional Part D costs – (If you add a Part D prescription drug plan, you’ll likely have to pay additional premiums, deductibles copays and coinsurance amounts.)Ĭosts with Medicare Advantage vary but may include: There are four different parts of Medicare, A, B, C, and D.Whether you choose to go with Original Medicare or with a Medicare Advantage plan, you will likely pay premiums, deductibles, copays and coinsurance. ![]()
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