Right before you turn 65 years old, you will start being inundated with fliers regarding
The Medicare supplement plans can be confusing. Do not confuse the Medicare Parts A through D with the Medicare supplement plans lettered A through N.
The following is a description of the Parts: Part A refers to your in-hospital expenses. Part B refers to your out-patient expenses. Part C refers to an option to the Medicare supplements called Medicare Advantage plans. Part D refers to stand alone prescription plans.
Medicare Parts A and B are pretty good coverage on their own. The Medicare supplement plans enhance your coverage by paying for deductibles and co-pays. The most commonly purchased Medicare supplement plan is plan F. The plan G and high deductible plan F are popular.
You begin by deciding which type of plan you want. If you like co-pay style plans then a Part C Medicare Advantage Plan should be considered. If you like first dollar coverage then a Medicare supplement plan might be your choice.
Our top two Medicare tips are: Know