1. 180 POINTS
    James E. Tome
    Medicare part "C" is an insurance product designed to help with the 20% cost, the member is responsible for with traditional Medicare. It is administered by private insurance companies, & premiums can be as little as zero dollars per month.  If Medicare Advantage is not purchased members should purchase a Medi-Gap or Medicare supplement insurance to cover the 20% risk exposure. A members heart attack cost $440,000.00 the members co insurance was $88,000.00, with a Medicare Advantage there is a maximum annual out of pocket usually around $3,000.00.
    Answered on December 24, 2013
  2. 2275 POINTS
    Bill LougheadPRO
    President, SummitMedigap.com, CO, FL, GA, MI, NC, SC & TX
    When looking at the average cost of Medicare Part C a person should consider the monthly premium as well as the out of pocket costs throughout the year.  In many states the premium for a Medicare Part C (or Medicare Advantage Plan) can be $0 per month to $50 per month.  However, the max out of pocket costs can be as much as $6,700 per year.  You will also want to make sure you are happy with the network of doctors and hospitals that are available to you.  Going to a provider outside of the network can cost you a lot more.  You may also need to get a referral before seeing a specialist.

    In contrast, those that have a Medicare Supplement Plan have a monthly premium but have far less out of pocket costs throughout the year.  There is also no network which means you can see any doctor or hospital you like.  You also do not need to worry about getting a referral for a specialist.  The benefits of a Medicare Supplement Plan (Medigap Plan) can not change from year to year.

    An independent agent will be able to help get you all the information so that you can decide which is better for your specific situation.  For more information about Medicare visit our website.
    Answered on December 27, 2013
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