Which Medicare plan will work best for you?
Here’s how to find out.
Plan Type | Monthly Premium | Annual Premium | Annual Out Of Pocket | Monthly Cost |
|---|---|---|---|---|
Medicare Supplement (72 year old) | $179.75 | $2,157.00 | $2,157.00 | $179.75 |
Medicare Advantage (max care needed) | $0.00 | $0.00 | $6,500.00 | $541.67 |
Medicare Supplement (72 year old) | $179.75 | $2,157.00 | $2,157.00 | $179.75 |
Medicare Advantage (med care needed) | $0.00 | $0.00 | $3,250.00 | $270.83 |
Medicare Supplement (Turning 65) | $109.75 | $1,317.00 | $1,317.00 | $109.75 |
Medicare Advantage (no care needed) | $0 | $0 | $0 | $0 |
Medicare Supplement Pros & Cons
Pros
Cons
Medicare Advantage Pros & Cons
Pros
Cons
Conclusion:
While both Medicare Supplement plans and Medicare Advantage plans have great benefits to offer, seniors can lower their out of pocket costs as they need more care by sticking with a tried and true Medicare Supplement plan.
- The best Medicare Supplement plan for someone aging into Medicare is Plan G.
If you feel Medicare Advantage is the best route for you it's pretty easy to find the best plan.
- Make sure your doctors & hospitals are in network.
- Make sure your prescriptions are in the plan formulary and the prices are low.
- Decide if you prefer a PPO that allows you to see providers outside the plans network or if you are ok with an HMO and only seeing in-network providers.
- Decide what other benefits are important such as dental or vision.
- These should narrow your search down and allow you to pick the best plan for your needs.
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