Regardless of whether you choose a Supplemental Plan to Medicare (aka Medigap) or choose to signup for a Medicare Advantage Plan (which relieves Medicare of any responsibility for your healthcare costs), you will still pay the $144.80 to Medicare. Typically you will see the following:
Option #1: Medicare plus Supplemental - $144.80 + cost of Supplemental Plan (typically around $150-$200), per month
Option #2: Medicare Advantage Plan - $144.80 + $0 or a small premium, per month
There are, of course, differences between Option #1 and Option #2 with regards to the network, co-pays, out-of-pocket maximums, etc. There are several different Supplemental Plans and numerous Medicare Advantage Plans.
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Originally Posted by KRM0614
The confusion is in how it interacts with the mandated portion of Medicare Parts A and B for which the rate is 144.80 a month for the newbies by CMS. If the plan mentioned covers A B D then is the policyholder paying twice or coordinated with CMS?
Anyone who can do an example would be great. Made the mistake of turning 65 in 2020 and no ability to sit down at Social Security and review this.
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