How to Choose a Medicare Plan

CHOOSING A MEDICARE PLAN TYPE

When you’re searching for supplemental Medicare insurance, there are some important considerations to keep at the forefront of your mind. To begin with, there are two major types of Medicare plans — Medicare Supplement (Medigap) and Medicare Advantage (Part C) — and understanding the difference between them is essential. While they sound similar, they actually work quite differently and choosing which type is right for you depends on some variables, including:

• What types of physicians participate in either plan
• Whether your preferred hospital accepts the insurance
• How often you travel
• Your risk tolerance
• Your own peace of mind

CHOOSING A SUPPLEMENT MEDIGAP PLAN

If you’ve determined that Medigap would offer you the coverage you’re looking for, Medicare Sharks can compare Medicare plans in your area. As a licensed insurance agency, Medicare Sharks brokers have the ability to find you the right plan for your needs and budget.  Medicare Supplement premiums vary from person to person depending on various factors. Variations in Medicare Supplement premiums depend on certain factors including zipcode, age, gender, and tobacco use.  Household discounts are available for those who qualify. Specific state rules can affect premiums as well. Call Medicare Sharks to discuss your Medigap plans to see what’s best for you!

CHOOSING A MEDICARE ADVANTAGE PLAN

There are a variety of Medicare Advantage plans available, and how to choose a medicare plan depends on your preferences and needs. Some individuals prefer a Medicare HMO plan for the low premiums, while others opt for a Medicare PPO plan for its flexibility and out-of-network benefits. Medicare Sharks is familiar with every type of Advantage plan and can help you make the best choice.

MEDICARE SUPPLEMENT VS. MEDICARE ADVANTAGE PLAN

Choosing between Medicare Supplement Plans and Advantage Plans can be a daunting task, however that is why you have Medicare Sharks! Let us be your only resource for the best Medicare information so you can make an intelligent informed decision.  Call Medicare Sharks to discuss your Medicare Supplement Medigap and Advantage Plan options so you can feel confident in knowing you have the best plan for your needs and budget.