I own a Blue Cross Medicare plan and currently planning to extend coverage by adding Plan C and D. This coming February, I will be turning 65 years old. How much do you think it would cost me to buy Medicare Plan C and D?
Part C Medicare plan is actually enhanced Part A and B Medicare that’s why it is commonly known as Medicare Advantage plan. On the other hand, a Part D Medicare plan only covers prescription benefits. Likewise, this is not basically classified as an original Medicare plan. There are Medicare Advantage plans, however, that may include prescription drug coverage in them. Some people find that they can save more money by getting a Medicare Advantage plan without drug coverage and a separate stand-alone Part D Medicare plan. Generally, having a Medicare Advantage and/or Part D plan cost more than the original Medicare plans (Part A and B). The cost for each of these depends on the state where these are offered and the plan you choose. A Medicare Advantage plan on a certain county may have an average premium of $20 to $200 as the highest and may even be offered at $0 premium. Part D Medicare plan, on the other hand, has a premium cost that depends on the state where it is to be obtained. Some Part D plans on a certain state may cost around $10 to $100. The national average, however, is around $24 a month. Usually, most of the Part D plans offered at a lower premium may have a deductible that goes with it. Sometimes a low-priced Part D Medicare plan has limited prescription benefits. You may have also to consider the extent of this limitation or gap in the Medicare Part D plan you are planning to buy. However, there are a number of people who claim that having a prescription benefit Medicare plan saves you a significant amount of money compared to its annual premium. Take note that prescription coverage is significant in some of the Part A and Part B coverage that is why the original Medicare plan you have may likely be taken also into consideration to its price. You may need expert advice on deciding which Medicare plan is good for you. You may talk to a local independent agent concerning the available options you could have given your situation. Answer by general public - June 3, 2009 @ 5:07 pm No CommentsNo comments yet. Leave a comment |
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You can generally expect that Plan A and B are always present in a Medicare plan. However, Part C and Part D may not be offered in some insurance companies as well as in other counties or states. Blue Cross is more likely to be one of those companies that offer Medicare Advantage plans. For some counties, a Medicare Advantage plan (Part C) is also known as Unicare.
