What you pay out of your own pocket and when you pay it depends on which coverage option you choose.
For example, if you choose to add a Medicare supplement to Original Medicare, you are paying upfront through a monthly premium regardless of whether you see the doctor or go into the hospital.
With Original Medicare, you “pay as you go” by paying 20% co-insurance. If you need more extensive medical care however, there is no limit on what you will have to pay out of your own pocket each year.
Many Medicare Advantage plans offer $0 premium plans where you “pay as you go” through small copays or co-insurance amounts and only pay for the care you use. The most important thing to note about a Medicare Advantage plan is that, unlike Original Medicare, it also offers an added layer of protection by limiting the amount you pay out of pocket each year for covered medical services. That way, you are covered throughout the year and protected should a serious illness or injury occur.
Discuss your options with a local, licensed Medicare advisor.Call 855.948.0352 (TTY: 711)
Learn more about our Medicare Advantage plans at one of our FREE local or online seminars.Sign up for a Free Seminar
Download your FREE Medicare Advantage info kit or request a copy in the mail.Request Your Kit
Get all your questions answered in a one-on-one appointment with a licensed Medicare advisor.Request an Appointment