5) Medicare Advantage plans sold are per county and are usually insurance companies. Therefore, what is seen on TV may not be offered in your county. Benefit packages, as seen on TV: “zero monthly premiums, dental, glasses, health club membership and home delivered meals” may not be sold nationwide. Some combination can be sold, MA plan specific. Medicare Advantage is Part C Medicare that includes both Part A and B.
6) A listing of Medicare Advantage plans in your area can be found under Medicare.gov as well as the “Medicare & You 2021-US Government Medicare Handbook.” This handbook also includes an outline of all Medicare benefits. (Medicare.gov to download the handbook electronically or to order hardcopy booklets.)
7) After doing a quick review of number three, let’s do a review of the MA plans in your county. Assess: a) monthly premiums, b) is Part D/Drug coverage included? c) yearly health deductible, d) yearly drug deductible, and e) in-network maximum out-of-pocket. Each MA plan will be different.
8) Now take a look at Original/Traditional Medicare. Original/traditional Medicare includes Part A/in-hospital inpatient care and skilled nursing home stays (usually no monthly premium as it is based on quarters-worked) and Part B/outpatient hospital, physicians/healthcare providers, DME and oxygen companies. Part B premiums are income based monthly premiums with yearly revisions. Average $144 for 2020. Part D/prescription drug package is sold separately with premiums approximately $35 monthly. Using number three will provide similar guidance in selecting a Part D plan. Another great source is SHIBA – Senior Health Insurance Benefit Advisors-funded by Medicare, available at 800-247-4122.