Understand your coverage choices

Medicare decisions affect both your healthcare and your retirement budget. Start with your doctors, prescriptions, other coverage and the costs you may need to pay yourself.

Two main ways to receive coverage

Original Medicare

Parts A and B cover hospital and medical services. You can add separate Part D drug coverage and may be able to buy Medicare Supplement Insurance, also called Medigap, to help with certain out-of-pocket costs.

Medicare Advantage

Part C plans are offered by Medicare-approved private insurers as an alternative to Original Medicare. Most include drug coverage. Review provider networks, authorization requirements, copays and benefits before choosing.

Compare the details

Check your medications against the plan’s covered-drug list, confirm your doctors participate, and compare total costs rather than premiums alone. Medigap works with Original Medicare, not Medicare Advantage.

Timing matters

Enrollment opportunities depend on your circumstances and the coverage involved. Medicare and Medigap have different enrollment rules. Check your eligibility and deadlines before changing existing coverage.

Explore coverage options at Medicare.gov.

Bring your questions

We can help you understand the choices available through our practice. Start a conversation. Please do not send medical details or Medicare numbers through the website.

Moffat Financial is not affiliated with or endorsed by Medicare or any government agency. Plan availability, benefits and costs vary by location and plan. For all your options, visit Medicare.gov, call 1-800-MEDICARE, or contact your State Health Insurance Assistance Program (SHIP).

Medicare Made Simple