Original Medicare vs. Medicare Advantage
- Original Medicare: Flexible provider choice, higher predictable costs (unless Medigap is purchased).
- Medicare Advantage: Network restrictions (HMO/PPO), lower premiums, often includes drug coverage.
Navigating Medicare Enrollment
Enrollment in Medicare is time-sensitive. Missing your window can result in lifelong penalties. This guide walks you through the 7-month Initial Enrollment Period.
1
Determine Eligibility
Most people become eligible at age 65. If you are already receiving Social Security, you are enrolled automatically.
Related Concepts:Medicare Part A
2
Choose Your Path
Decide between Original Medicare (Part A & B) or Medicare Advantage (Part C). This is the most critical decision.
Related Concepts:Medigap
3
Select a Drug Plan
If you chose Original Medicare, you must add Part D prescription drug coverage to avoid penalties.
Key Tradeoffs
Professional Consultation
Ask a Broker:
- Are my current doctors in-network?
- Does this plan cover my specific prescriptions (Tier check)?
- What is the maximum out-of-pocket cost?
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