Understanding your options is the first step to finding the right coverage
Medicare can be confusing, but it doesn’t have to be. We created MedicareMatchup to be an unbiased information source to help you understand your Medicare options. If you’re not quite sure how Medicare works, need a little more information on plan types, or you’re looking for an online resource to answer some of your questions, our site is here to help. Or, if you’d prefer to talk to someone in person, our licensed insurance agents are available to talk at (866) 309-0958 TTY: 711. Mon-Fri, 8AM - 8PM ET Sat-Sun, Closed
Understanding what each part of Medicare has to offer can help you narrow down your options, making it easier to choose the best plan for your needs.
Learn more about the key parts of Medicare:
Medicare Supplement Insurance (MediGap)
Medicare Supplement plans work in tandem with Original Medicare Parts A and B. They help fill in the health insurance coverage gaps left by Original Medicare and are offered by private insurers. If you choose to stick with your Original Medicare coverage it’s important to consider a Medigap plan as they can help lower your out-of-pocket costs. There are 10 types of Medicare Supplement plans available, although insurance companies are not required to offer all ten types. The coverage offered by each type of plan varies, so check to make sure the things that are important to you are covered by any plan you choose. Learn more about Medicare Supplement Plans including plan coverage and availability here.
Medicare Advantage Plans are a coverage option offered by private insurance companies. They provide coverage for Part A and Part B of Original Medicare and often offer added benefits like Prescription Drug Coverage, Dental and Vision. One of the major benefits of Medicare Advantage plans is that they can offer lower cost-sharing options than Original Medicare, meaning that you may have lower out-of-pocket costs. There are a variety of types of Medicare Advantage Plans available including HMO, PPO, PFFS and others. Each plan type offers unique pros and cons, with the key differences being coverage flexibility, premium cost, and out-of-pocket costs. Comparing multiple plan types is the best way to find the most suitable balance of flexibility and cost for your needs.
Medicare Prescription Drug Plans (Part D)
Medicare Prescription Drug Plans provide coverage for prescription drugs. They are vital for people who choose to stay with Original Medicare and those who pick a Medicare Advantage plan without prescription drug coverage. Part D plans do not cover all drugs but they do cover a range of prescription medication and the drugs covered by each plan can vary. If you have particular drug coverage needs it’s important to compare multiple plans so that you find a plan that covers your prescribed medication. Part D plans can help save you money on prescription medication. Learn more about Prescription Drug plans including coverage options, how to compare plans and enrollment periods here.