Whether you have original Medicare or you opt to go with a Medicare Advantage plan, in both cases there are options that you will need to review and consider that can make a difference in how well your retirement insurance works for you. When you work with ISU-Bright Agency we can help to explain the differences with the Medicare Advantage plans as well as Medicare Supplement plans if you are with the original Medicare. There are multiple insurance companies that provide these plans and as an independent insurance agency we can get multiple quotes for you and explain each option. Contact us today to learn more.
Different Medicare Advantage Plans
When you opt to go into a Medicare Advantage plan from original Medicare, you will have to make a decision of not only which kind of Medicare Advantage plan you want to have, but also which insurance company you want to go with that matches all of your needs. There are six different kinds of Medicare Advantage plans, though only two of them are the most widely utilized: Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs).
While it is important to understand the different kind of Medicare Advantage plans, it will also be important to get multiple quotes from different insurance companies for your Medicare Advantage plan. Often these insurance companies will offer additional coverages that you wouldn’t have with original Medicare, such as vision insurance, dental coverage, and more. No two Medicare Advantage plans are the same so reviewing the different options is important.
Understand Medicare Supplement Plans
For many people, original Medicare works great for them. However, there are some out-of-pocket costs that can add up quickly, and now there are Medicare Supplement plans that can help address this gap in coverage, which is why these plans have earned the nickname Medigap plans. Just like Medicare Advantage plans, the Medicare Supplement plans come in a variety of options based on which insurance company that you go with. We work with many different insurance companies and can get you multiple quotes in order to compare these Medigap plans.
Medicare can be complicated, between knowing when you can enroll or make changes to your insurance coverage, as well as understanding the different options when it comes to Medicare Advantage plans as well as Medicare Supplement plans. Working with ISU-Bright Agency can help make things easier to understand and we will shop the market for you to get you the best coverage options that will match your needs. Contact us today to learn more.