Options for Medicare Beneficiaries

As a Medicare beneficiary, you have options to either supplement or replace your original medicare. Our agents at Iron Health Group will help you navigate the complicated waters and ensure you are in the best plan for your situation. 

If you decide to keep Original Medicare parts A and B, you may choose to have a supplement (Medigap) plan to cover the costs Original Medicare does not. Medigap policies charge a monthly premium, and pays leftover healthcare costs like copayments, coinsurance, and deductibles. Medigap policies can also cover services that Original Medicare does not, like healthcare outside the U.S. A Part D Prescription Drug plan goes well with a Medigap policy.

Medicare Advantage is an “all in one” alternative to Original Medicare. These plans include hospital and medical insurance, and can include prescription, dental, vision, and hearing coverage as well. Each Advantage plan has different copays, coinsurance, and out of pocket maximums. Most plans have networks of doctors that you must see in order for the plan to pay.

Choosing the best Medicare plan on your own can be a daunting task, so let the experts at Iron Health Group assist you in the process.