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Medicare

Medicare Supplement Plans

If you currently have Original Medicare, Part A and B will cover most of your health care and supplies, but it does not pay for everything. Private Insurance companies offer Medicare Supplement plan to help cover these “gaps” to minimize out of pocket expenses for a monthly premium. There are several different plans available and you should talk to to an insurance professional to determine which of these plans, if any, will suit your needs. One thing to keep in mind when shopping for a Medicare Supplement is all the insurance companies must offer the exact same plans. For example Plan G with Insurer A is the exact same as Plan G with Insurer B. The only difference is… price! At MWM, we will assist you in finding the best plan for your situation, and will shop all the major carriers to get you the lowest premium among our carriers.

Medicare Advantage Plans

Medicare Advantage Plans are an alternative to Part A and B of Original Medicare. This plan is available through private insurance companies that are contracted directly to Medicare. All the offered Advantage plans must by law, provide at least the same level of coverage as Original Medicare Part A and B. Some of these plans have additional benefits like prescription drug coverage, hearing, and vision. The cost and benefit can vary by plan and insurer, so understanding your plan benefits is extremely important.

Prescription Drug Plans

A prescription drug plan (PDP) is one option for individuals who want to enroll in Part D coverage. The other option would be to enroll in a Medicare Advantage Plan that offers drug coverage. These plans subsidize medication costs for enrollees, and it’s easy to check and see if you are on the best plan for your current prescription medications. It is so important to review your current coverage, especially if your medications have changed. Visit www.medicare.gov and click on drug plans to enter in your current list of medications and see what plans are available in your area.