Medicare coverage is not just limited to Original Medicare. There are three things you need to be truly covered: Medicare Part A and Part B, Medicare Supplemental AKA Medigap, and Medicare Part D AKA Medicare prescription coverage.

Why do I need Medicare Part B?

Medicare is broken up into two parts. Hospitalization and Medical coverage. Part A only covers hospital stays, if you want basic full coverage you’ll also need Part B to cover office visits.

Things to know about Part B

  • Most people pay a monthly premium for Part B
  • There are penalties if you sign up late for Part B
  • Part B does not cover any gaps in Part A

Should I get Medigap?

Depends. If you can afford a little extra money each month Medigap might be right for you. The reason is Original Medicare offers great basic coverage, but can leave you with a heavy financial burden if you have a major medical emergency or illness.

Things to know about Medigap

  • Basic coverage covers coinsurance for hospital stays up to 365 days and hospice care, and blood transfusions.
  • More comprehensive coverage covers coinsurance for skilled nursing, Part A & B deductibles, Part B excess charges, and more.
  • Greatest financial protection for seniors

Do I Need Drug Coverage?

Original Medicare and Medigap plans do not include Rx coverage. So to have the best coverage you’ll want to enroll in Part D as soon as you’re eligible otherwise you can be subject to a hefty penalty.

To learn more about Medicare call the number above or click here to get an instant Medicare insurance quote.