October 20, 2006, Newsletter Issue #75: Medicare Advantage Plans
Tip of the Week
A Medicare Advantage Plan has the benefits of Medicare - coverage for doctor's visits, hospital stays and Hospice care - with the benefits of a prescription drug plan.
Currently, if you are eligible for Medicare, you are eligible to apply for a wide range of plans, from Medigap to Medicare Prescription Drug Benefit Plan (Part D). If you already have a good healthcare insurance plan, you may want to consider whether changing to a Medicare Advantage plan is right for you.
Weigh the risks and benefits:
1. Will you lose coverage with your
original Medicare or insurance plan?
2. Will your premiums or drug costs
increase?
3. Will your prescription drug co-pays be
more expensive?
4. Will choosing the Medicare Advantage
plan negatively impact your ability to
get your medicare diabetic supplies?
If the answers to these questions is a resounding "no," then perhaps a Medicare Advantage Plan is for you.
Contact your local Social Security Office, the Medicare hotline at 1-800 MEDICARE, or log onto the Medicare website at: MEDICARE.GOV, to get more information on Medicare Advantage Plans.
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.
| Guru Spotlight |
| Barbara Gibson |
