Medicare Advantage Plans (Option 2)
Under Option 2, you would enroll in Medicare Part C, also known as a Medicare Advantage plan, or simply a Medicare plan. It will help pay for out-of-pocket costs associated with your Medicare-approved benefits, and most airplanes include a prescription drug plan.
It is important to know that:
Actually, you will "withdraw" from Original Medicare (Medicare Parts A and B) and enroll in Medicare Part C
Your benefits from Medicare Parts A, B, and D are combined in Medicare Part C.
Advantage plans are a government program run by private companies.
You must use doctors and other health care providers in the company's network
You must live in the plan's service area.
Specific enrollment periods apply.
Many plans offer additional benefits that are not covered by Original Medicare
How much does option 2 cost?
The monthly premium for most Medicare Part C Plans from a range of $ 0 to approximately $ 179.00 depending on the area of your plan and the company you choose. In most plans, the monthly cost of Medicare Part D is usually included in this cost. This is in addition to your Medicare Part B premium (104.90 in 2013), and any co-payments or coinsurance in the plan you choose.
Should I choose option 1 or option 2?
This is a very individual decision, but there are certain questions that must be asked, in which the answer will make your decision clearer and easier:
Is it important to have the freedom to choose any doctor who accepts Medicare?
Am I healthy and do not mind seeing a doctor in a network?
Am I healthy and on a tight budget?
Can I pay the premiums and do not want to be bothered with deductibles, co-payments, etc.?