Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Medicare and Rx Plans for Diabetics and other Diabetes topics.
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
3. Will your prescription drug co-pays be
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.