Berwick Insurance Group Logo smaller

Call 520-745-2300

Berwick Insurance Group Logo

More About Medicare

Start here…

In 1965, Medicare was signed into law. At that time, the average life expectancy of an American was 67 years old, which meant the average person was only on the federal Medicare insurance program for two years. Today, Americans on average live to be 78 years old! Although this is great news, the financial responsibility for Medicare is in the hundreds of billions.

While Original Medicare covers many Medicare costs, the reality is that most beneficiaries are required to spend money out of their own pocket to supplement their Medicare. Fortunately, there are options to help you reduce your out-of-pocket costs!

Let’s look at the basics of what options are available to you!

  • Medicare Advantage

  • $0 premium for most plans
  • Network-based plan
  • Networks vary based on plan type (HMO, PPO, POS, PFFS)
  • Low copays for doctors, tests, hospital stays & more
  • Value added benefits include: hearing, vision, dental, fitness & transportation (varies by county)
  • Most plans include prescription drug coverage
  • Client continues to pay Part B
  • Medicare Supplement

  • Client pays monthly premium
  • Premium varies by state $100-$300
  • Most common plans: F, G & N
  • Accepted anywhere Medicare is accepted
  • No Networks!
  • Some carriers offer value added benefits, such as a fitness membership
  • Part D sold separately
  • Client continues to pay part B