It’s that time of year again ~ Medicare Open Enrollment begins October 15th to December 7th. This is a great time to review your benefits and check out what’s new especially during this unprecedented time of Coronavirus. If you have a recent change in health or medication adjustments, you may benefit from a different plan.
- Traditional Medicare covers Part A (hospital) and Part B (medical) typically covers 80% of the costs. Supplemental Medigap Insurance will cover the remaining 20% of costs. Part D (prescription drug) is often purchased separately.
- Medicare Advantage Plan covers the Part A and B. No supplement is needed, and Part D coverage is often included.
You will have more questions and there will be more information to review before you make your final decision.
Page 5 -8 of The Medicare and You 2021 Handbook recaps all the important features –