Medicare Supplement vs Medicare Advantage plans in Louisville, Kentucky
Which should you choose?
If you live in the Louisville Kentucky region and you have your original Medicare coverage secured, you will have a choice of options for improving your coverage. You may combine your Original Medicare plan with a Medicare Supplement plan, or you can sign up for a Medicare Advantage plan.
Two out of three people in Louisville, choose the Medicare Supplement option, one third choose the Medicare Advantage option. The Medicare Advantage option is growing in popularity. So, which option is right for you?
A brief explanation of the workings of both options may help.
Facts About Louisville, Kentucky
Louisville, named for King Louis XVI of France, was founded in 1778 by George Rogers Clark, making it one of the oldest cities west of the Appalachian Mountains. Sited beside the Falls of the Ohio, the only major obstruction to river traffic between the upper Ohio River and the Gulf of Mexico, the settlement first grew as a portage site. It was the founding city of the Louisville and Nashville Railroad.
Good to know: Plans that pay higher portion of your medical costs, but have a higher premium, are good if: you have pre-existing conditions, take expensive meds on a regular basis, are planning to have child, are expecting to undergo surgery, or have a chronic condition. If you're in good health and only go to the doctor for routine checkups, consider a plan with a lower monthly premium and higher out-of-pocket costs.
How A Medicare Supplement Plan Works
A Medicare Supplement plan is designed to fill in the "gaps" in your Original Medicare coverage.
Medicare supplement plans don't work like most health insurance plans. They don't actually cover any health benefits. Instead, if you incur a medical bill,
these plans cover the portion of the bill that Medicare does not cover. These costs can include: