Page 115 - Sample Financial Plan 4-1-2019 v2

5

Your Medicare options

When you first enroll in Medicare and during certain times of the year, you
can choose how you get your Medicare coverage. There are 2 main ways to
get Medicare:

Original Medicare Medicare Advantage

(also known as Part C)
• Original Medicare includes Medicare
Part A (Hospital Insurance) and • Medicare Advantage is an
Part B (Medical Insurance). “all in one” alternative to Original

• If you want drug coverage, you can Medicare. These “bundled”
join a separate Part D plan. plans include Part A, Part B, and
usually Part D.
• To help pay your out-of-pocket
costs in Original Medicare (like your • Some plans may have lower out-
deductible and 20% coinsurance), of-pocket costs than Original
you can also shop for and buy Medicare.
supplemental coverage. • Some plans offer extra benefits
that Original Medicare doesn’t
cover— like vision, hearing, or
dental.

Part A Part A

Part B Part B

You can add: Most plans include:
Part D Part D

You can also add: Some plans also

Supplemental include:
coverage Lower out-of-

(Some examples include pocket costs
coverage from a Medicare
Supplement Insurance Extra benefits
(Medigap) policy, or coverage
from a former employer or
union.)