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Office: 730 W Center Circle
Nixa, MO 65714
Medicare Overview
Simplifying Insurance for Individuals, Families, Business Owners, & their Loved Ones across the US
While Medicare provides extensive coverage for many healthcare needs, it doesn’t cover everything. Beneficiaries are often responsible for various co-payments and deductibles, which can accumulate to significant amounts. Without additional coverage, these out-of-pocket expenses can become burdensome.
To address these gaps, many individuals turn to private insurance options. There are two primary types of private insurance for Medicare beneficiaries: Medicare Advantage plans and Medicare Supplement plans. Although both offer valuable benefits, they have distinct differences that are important to understand when choosing the best option for your needs.
Medicare Advantage vs Medicare Supplement Program Designs
Medicare Advantage and Medicare Supplement plans each offer unique ways to enhance your Medicare coverage.
With a Medicare Supplement (Medigap) plan, you remain enrolled in Original Medicare. Medicare handles the majority of your healthcare costs, while the Supplement plan helps cover additional out-of-pocket expenses such as co-payments and deductibles.
On the other hand, when you choose a Medicare Advantage plan, you switch to a private health insurance plan that takes over all your Medicare coverage. These plans must provide at least the same level of coverage as Original Medicare, except for hospice care, which remains covered by Medicare. Although both options aim to provide comprehensive coverage, they operate through different structures and setups.
Frequently Asked Questions
What is Medicare and who can get it?
Can I change my Medicare coverage?
What are the different parts of Medicare?
Medicare is divided into four parts:
- Part A: Hospital Insurance
- Part B: Medical Insurance
- Part C: Medicare Advantage Plans
- Part D: Prescription Drug Coverage
Where can I get more information about Medicare?
For more information about Medicare, you can visit the official website at www.medicare.gov, contact the Medicare hotline at 1-800-MEDICARE (1-800-633-4227).
We’re here to help you explore the options that best fit your needs. Contact us today for a free consultation, and let us guide you through your choices. Call us at 417-218-0088 or click “Call Now” below to get started!
