Kent A. Bennett & Associates Explains the Differences
When considering health coverage for retirement, understanding the differences between Original Medicare and Medicare Advantage plans is crucial. Keep reading to learn how to make the best choice to suit your needs.
The Basics of Original Medicare
Original Medicare consists of Part A (hospital insurance) and Part B (medical insurance), providing a basic level of coverage for hospital stays, doctor visits, preventive services, and more. With Original Medicare, you can visit any healthcare provider in the United States that accepts Medicare, making it a flexible option for those who travel or live in different states throughout the year.
What Original Medicare Does Not Cover
While Original Medicare provides essential coverage, it doesn’t cover everything. Prescription drugs, dental, vision, and hearing care require additional plans or out-of-pocket payments. Many beneficiaries choose to add a Medicare Supplement (Medigap) plan or enroll in a separate Part D prescription drug plan to fill these gaps and manage costs more effectively.
The Appeal of Medicare Advantage Plans
Private insurance companies approved by Medicare offer Medicare Advantage Plans, also known as Part C. These plans provide extra benefits that Original Medicare does not, such as dental, vision, and prescription drug coverage, all in one package. Medicare Advantage Plans generally require you to use a network of healthcare providers, which can offer cost savings but might limit your flexibility. These plans often include additional wellness benefits like gym memberships or over-the-counter drug allowances for those who want a more comprehensive package with fixed costs.
Making the Right Choice for You
The choice between Original Medicare and Medicare Advantage Plans depends on your specific healthcare needs and lifestyle. If you prefer the flexibility to choose your providers and don’t mind managing supplemental insurance for additional coverage, Original Medicare could be the best fit. On the other hand, if you like the convenience of bundled benefits and are comfortable using a network of providers, Medicare Advantage Plans might be more suitable.
Kent A. Bennett & Associates in Montoursville, PA, will guide you through these choices to help you find a Medicare plan that meets your needs and budget. Contact us today to find the Medicare plan that’s right for you.
Call us today at (570) 327-1006. Follow us on Facebook for tips and information. Our team is happy to help you in choosing between Original Medicare vs. Advantage Plans.
