V. Reed Speas II - Medicare Insurance Agent FL
Office Phone : (239) 288 - 0880 Website Link: www.Medicare-Deductible-F-Agent.comPersonal Email: V.Reed.Speas@gmail.com

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Do I choose a Medicare Supplement or a Medicare Advantage Plan ?

When turning 65 you are in open enrollment and can be enrolled in a supplement policy without having to answer any health related questions and also can be locked in at age 65, the lowest rate. These are two factors that should be considered when choosing between a Medicare Supplement Plan and a Medicare Advantage Plan. If you do choose a Medicare Part C Advantage plan then you will not be able to switch to a supplement once you begin have health problems. I know this seems obvious but people always want the best coverage once they start to have health problems. If you do choose to have an advantage plan and later in life change to a supplement you must qualify and you will have to pay a higher rate than someone who enrolled at age 65.

Medicare Supplement vs Medicare Advantage

Florida Medicare Supplement Plan F

Florida Medicare Part C Advantage

1. Medicare Supplement Plan F pays 100% of your costs for Medicare covered Hospital Stays, Doctor Services, Part B covered prescription drugs, Skilled nursing, and Hospice charges.

1. Medicare Advantage plans will cover a variable percentage of your Hospital Stays, Doctor Services, Part B covered prescription drugs, Skilled nursing, and Hospice charges. The exact amount of covered charges varies among Part C providers.

2. Medicare Supplements will cover your part of any treatment that Medicare will pay for. Medicare Supplement Plans have No network doctors or hospitals.

2. Medicare Advantage Plans DO have In-Network and Out-of-Network doctors and hospitals. Some plans also require a referral from your primary doctor to see a specialist. Fort Myers Medicare advantage plans may not cover some types of treatments.

3. You must have Medicare Part A and B to be eligible for a supplement plan.

3. Medicare advantage plans require you to have earned Medicare Part A and Pay your Medicare Part B monthly premium.

4. Medicare Supplement Plans do not include Part D prescription drug coverage.

4. Medicare Part C Advantage plans may also include Part D prescription drug coverage. This is dependent on the specific plan.

5. You may enroll or exit a Medicare Supplement plan at any time of the year.

5. You may enroll in a Medicare advantage at any time of the year, but you may only disenroll during the disenrollment period from January 1 - February 14th each year.

6. Medicare Supplement Plan benefits are regulated by the state. All insurance companies offer the same benefits for each plan. There is no differences in benefits between insurance carriers. " A plan F is a Plan F."

6. Medicare Advantage plans are administered by private insurance companies, your monthly premiums are paid by the federal government in lieu of participating in Medicare Part A and B

7. Benefits provided by Blue Cross and Blue Shield of Florida's BlueMedicare Supplement Plan F are Nation-wide.

7. The benefits provided by Medicare Advantage providers vary by County, Plan and Provider. It is difficult to compare Medicare Advantage Plans to one another.

8. Max out of pocket does not apply to supplements.

8. Medicare Advantage Plans have a yearly max out of pocket for In-Network and Out-of-Network doctors and hospitals.

9. Medicare Supplement Plans DO charge a monthly premium in addition to the Medicare Part A and B coverage you must have.

9. Medicare Advantage Plans charge NO or VERY LITTLE monthly premium. Outside of the Medicare Part A that you have earned and the Medicare Part B premium taken out of your social security check.

Medicare Supplement Plan F is the most popular supplement plan and for good reason. It provides an excellent form of health coverage for Medicare recipients. Medicare Supplement plans can be very expensive for a healthy individual, therefore some of the less comprehensive supplement plans may make financial sense.

BCBSF BlueMedicare Regional PPO Plan is our recommended Part C plan in the state of Florida. Some of the details of this plan are:

Monthly Premium: $0

No referrals are required

Calendar Year Deductible: $0

Extra Benefits: Basic Dental / Vision / Hearing - included at no extra cost Calendar year Out-of-Pocket Maximum :

In-network $4750 out-of-network $10,000

Doctor office copay: $10


Florida Medicare Advantage Plans offer individuals with limited income a form of healthcare that has little or no monthly premium and in some cases offers extra benefits in the from of dental or vision insurance. If you feel that a Medicare Advantage plan is right for you and you would like a detailed description of plan benefits please contact our Medicare Insurance Agent by phone at (239) 288 - 0880 or e-mail at Reed@1floridainsurance.com


10 Steps to understand Medicare Supplemental Insurance

Medicare Part A - Hospital Insurance is coverage for inpatient hospital care, skilled nursing, hospice and some home healthcare, it can be thought of as room and board.

Medicare Part B - Medical Insurance is coverage for the services of medical professionals and supplies such as durable medical goods.

Medicare Part C - Medicare Advantage is private insurance that you can obtain by dropping traditional Medicare. It is also called Medicare Advantage..

Medicare Part D - Prescription Drug Coverage is insurance coverage that is added to traditional Medicare. It is usually purchased in addition to a Medicare Supplement.
Deciding between Medicare Supplement or Medicare Advantage? Choosing between Medicare Supplement and Medicare Advantage is an important decision we have provided a side by side comparison.

Gaps in Medicare Coverage Medicare part A and B recipients still have out-of-pocket charges in the form of deductibles, copayments, coinsurance, and benefit periods. We have outlined the current out of pocket charges.

Compare the different Medicare Supplement Plans Medicare Supplement plans A, N, and F are the most popular. Depending on your specific needs you may find one of the other plans more beneficial for you.
Medicare Supplemental Plan F is by far the most popular Medigap policy, it is also the most comprehensive covering more than any other plan.

Medicare Part B - Excess Charges are charges above the Medicare approved amount for a procedure, most doctors accept Medicare assignment but some specialists charge 115% of the Medicare approved amount.

**The information on this website is intended for informational purposes only and may change at any time.   Medicare Supplement Advisor and V. Reed Speas himself are not connected with or endorsed by the U.S. government or the federal Medicare program.

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