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Offered by: Jennifer Bell – Bell Benefits, LLC

For anyone looking into the details of Medicare, the first thing that happens is eyes go crossed, tempers start to flare, and headaches begin. The confusion of Medicare is real. You are not alone.

There are essentially two types of Medicare Insurance plans available to everyone: a Medicare Supplement or a Medicare Advantage Plan.

Now of course there are those who might have a special circumstance where they also have access to retiree benefits, V.A. Benefits, or Tricare for Life. If this is you, it’s good to know all of your options and then make a decision. For the rest of you, here is a brief summary of the two types of insurance options you will be looking at.

Medicare Supplement plans will pay second to Medicare. This means Medicare is your Primary Insurance. The doctors, clinics, and hospitals that you go to would need to take Medicare in order for your insurance to work there. The nice thing about this is the insurance provider on your Medicare Supplement card does not have an additional network for the provider. You can go to anyone who takes Medicare. There is an additional monthly premium when you have a Medicare Supplement plan and little out-of-pocket costs as you need services.

With a Medicare Advantage Plan, you would choose a Primary Care Physician (PCP) who would be your gatekeeper. This PCP would refer you to other specialists for other needs you may have.  The insurance company for your Medicare Advantage plan would determine which providers you could go to in their network. A lot of these plans do not have an additional premium. Instead, they take over for Medicare and Medicare pays them to manage your healthcare. These are the “pay as you go” type of plans with copays and coinsurance responsibilities when you need services.

Hopefully that helps with the basics. I’m always happy to help you compare plans and options for you.

Just give me a call or a text: 720-626-6524

Jennifer Bell | Bell Benefits

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