Prescription Drug Coverage combined with Medicare Advantage Plans and Supplemental Medicare Insurance

In case, the person is to touch 65, then it becomes essential to know how Medicare functions and the different Medicare Supplement Plans 2018 that are offered. Some plans are found to be similar, with their differences being blurred, thus confusing the potential beneficiaries. Selecting the right plan is of utmost importance.

About Medicare Advantage Plan

Also called Medicare Part C, it is among the 4 fundamental part of Medicare system, allowing Original Medicare Part A & B to derive coverage from their choice of government approved private providers. Medicare Advantage Plans are known to include plans such as PPO (Preferred Provider Organization plan) and HMO (Health Maintenance Organization plans). A major weakness noticed in original Medicare plan is prescription drugs are not covered by them. If additional coverage is desired, then few options are provided.

Supplement Part D

Those having original Medicare (Part B & A) can avail Medicare Part D plan. It can help to cover prescription drug cost. This coverage is availed from Medicare approved private insurance provider. If Medigap policy is there like that of supplemental Medicare insurance, then drug cost may be covered already. If not, then Prescription Drug Plan can be availed as part of Part D. Drug costs will not be covered by all Medicare Supplement Plans 2018. Hence, the right plan is to be availed to enjoy the benefits. If not, then still drug coverage can be derived through Medicare plan.

Part D plan

If supplemental Medicare insurance or Medicare Part D is not used, then Medicare Part C can be considered as it is Medicare Advantage Plan! They are offered by private insurance providers and cover prescription drugs, but at additional costs. If any of such plans are present, then supplemental Medicare insurance will not be required. Coverage history of past employers is to be checked out as additional coverage choices may be present if current of former employer has provided with prescription coverage.

If Medicare Advantage Plan is present, then supplemental Medicare plan is not required. This is found to be illegal unless Medigap plan is completely dropped and original Medicare is returned to. When dropping supplemental Medicare insurance, caution is to be taken, since it might not be derived in the future. The issue is to be discussed with the insurance provider and the State Health Insurance Assistance Program prior to taking the decision, so as to enjoy long term coverage benefits.