Medicare (over 65 health insurance)

You have three primary options

option #1 Government issue medicare

Part A  Hospital care.  Issued to you free when you turn 65 years of age.

Part B (optional)  Doctor care. Cost $154.50 for 2019 (for most people).  Most people want this.

These plans cover about 80% of you health cost.  You pay for the remaining 20%.  This 20% is unlimited.

No drug coverage provided but it can be added

Most people don’t choose this option, because of the unlimited 20% exposure. 

Option #2 Medicare Advantage

Medicare Advantage combines Part A and Part B to make Part C, (you still have the Part B cost). Part C is administer by a health insurance company.

These plans cover about 80% of you health cost until you meet a deductible. Your deductible amount depends on the plan you choose. This caps your 20% exposure. Excluding you Part B cost this option should cost you less than $50 and sometimes no additional cost.

Some of these plans can include Part D, your drug plan. 

For most people a better option than Option #1.

Option #3 Medicare Supplemental

This option can reduce your expenses when using health care services to nothing.  The cost of health services are dependent on the plan you choose and there is a monthly premium that can range from about $50 to $150.  

You will need to add a Part D drug plan.  

This option can reduce you use of services to $0, depending on the plan you choose.

Plan D – Drug plans

This option can reduce your expenses when using health care services to nothing.  The cost of health services are dependent on the plan you choose and there is a monthly premium that can range from about $50 to $150.  

You will need to add a Part D drug plan.  

This option can reduce your use of services to $0, depending on the plan you choose.