Part C (Medicare Advantage Plans) Help Cover
Medicare Advantage Plans are another way to get your Medicare Part A and Part B coverage. Medicare Advantage Plans, sometimes called “Part C” or “MA Plans,” or “MAPD Plans” are offered by Medicare-approved private companies that must follow rules set by Medicare.
Most Medicare Advantage Plans include drug coverage (Part D) in addition to services like dental, vision, hearing, fitness memberships, transportation, and other programs, Not Available on Original Medicare. In most cases, you’ll need to use health care providers who participate in the plan’s network.
These plans set a limit on what you’ll have to pay out-of-pocket each year for covered services, unlike Original Medicare. Some plans offer nonemergency coverage out of network, but typically at a higher cost Medicare pays a fixed amount for your care each month to the companies offering Medicare Advantage Plans to make many plans have a $0 premium. However, depending on where you live or what plan you choose, you may have a low premium. See more about Medicare Advantage plans.
Part D (Drug Coverage (PDP)) Helps Cover
You join a Medicare drug plan in addition to Original Medicare, or you get it by joining a Medicare Advantage Plan with drug coverage. Plans that offer Medicare drug coverage are run by private insurance companies that follow rules set by Medicare.
The costs, design, and formularies vary greatly between the many Part D drug plans. Contact Metro Valley Insurance to help you find the best plan for your drug needs. If you provide us with a list of your drugs, dosages, and quantity, we can compare all the drug plans available in your area to find the most economic one for you!
You are required to have a Part D (Drug Plan) when eligible for Medicare or you are penalized for the remainder of the time you are on Medicare. See how the late enrollment penalty works.
Medicare Supplemental Insurance (Medigap)
Extra insurance you can buy from a private company that helps pay your share of costs in Original Medicare. Policies are standardized and in most states named by letters, like Plan G or Plan K. The benefits in each lettered plan are the same, no matter which insurance company sells it. However, the price and customer service can vary.