Anyone living in Yonkers and about to turn 65 will need to get some basic knowledge of Medicare and your options for getting affordable health insurance coverage. At NYMedigap we specialize in helping seniors find the right Medicare coverage. We put together this article to help you get the information you need, but if you need someone to help you work through your decision gives us a call or fill out the form on this page and an agent will be in touch to answer your questions.
Medicare can be broken down into three parts. Part A deals with expenses that are incurred when you are admitted to the hospital and is available at no charge for most people. Part B is for out-patient services like a doctor’s office visit or a treatment where you can go home that day and has a $104.90 per month premium. Part D helps with the cost of prescription drugs and has premiums that range from $15 to $60 depending on what medications you are taking. The one drawback to Medicare is that Part A and Part B have deductibles and coinsurance that you will have to pay on top of the premiums. The good news is that there are two affordable options to reduce the chance that you will have to pay a large medical bill; Medicare supplements and Medicare Advantage plans.
In Yonkers there are ten different Medicare supplement plans. Since there are nine coverage gaps in Medicare Part A and Part B, each Medicare supplement covers some combination of these gaps. Plan F is the most comprehensive covering all nine gaps while plans C and G both cover eight of the nine gaps. The key to getting the right plan is knowing how much each plan MIGHT cost you if you were to need health services and weigh that against the premiums that you will have to pay.
Unlike a Medicare supplement that works to complete Medicare coverage, Medicare Advantage plans completely replace the Medicare cover with a private health insurance plan. These plans most closely resemble what you might get with group health insurance through an employer. The plans are required to cover at least everything that Medicare Parts A and B cover, but most of them cover MUCH more and many include prescription drug coverage. The plans are very different from provider to provider and even from city to city. So a Syracuse Medicare Advantage plan could be very different or differently priced than a plan in Yonkers. The best part is that Medicare Advantage plans in Yonkers are subsidized by the money that would have gone to pay for a traditional Medicare plan.
I hope this helped you get a better understanding of your Medicare options in Yonkers, NY. If you have any questions or are ready to get started with quotes for Medicare supplements or Medicare Advantage plans then fill out the form on this page or give us a call. We look forward to serving you.