Plan Options

Medicare Part A

(hospital insurance) helps pay for inpatient care in a hospital or limited time at a skilled nursing facility (following a hospital stay). Part A also pays for some home health care and hospice care

Medicare Part B

(medical insurance) helps pay for services from doctors and other health care providers, outpatient care, home health care, durable medical equipment, and some preventive services.
2021 Premium for Part B for most is $148.50 per month

You start with Medicare A and B and then you can address the deductibles and co-pays associated with A and B that you may not want to pay by two options:

Option 1

Add a Supplement and Prescription Plan

Supplemental—Option 1

Supplemental (Medigap) policies help pay Medicare out-of-­pocket copayment, coinsurance, and deductible expenses. A premium of Approximately $100-150 per month will be charged for a comprehensive plan.

Medicare Part D—Option 1

Medicare Part D (Medicare prescription drug coverage) helps cover the cost of prescription drugs. A premium of approximately $30-$40 per month will be charged for Part D Plan.

Option 2

Combine A and B and Prescriptions and extra Benefits into a Part C or Advantage Plan

Medicare Advantage Plan—Option 2

Medicare Advantage Plan includes all benefits and services covered under Part A and Part B – and often include prescription drugs, (part D) and additional benefits such as vision, hearing, and dental – bundled together in one plan.

There may be no additional premium for the Part C Advantage Plans, as many plans come with a zero premium because Medicare pays the insurance company to administer the plan.

Note: all choices do require the payment of Medicare Part B, some Advantage Plans do not have an additional premium whereas Supplements and stand-alone Prescription Plans do. Most people do not pay for Medicare Part A due to paying taxes throughout their lives.