Types of Plans

If you’re expecting very high medical expenses, a Medicare Supplement plan may make the most sense. If you are generally pretty healthy, a Medicare Advantage plan, or potentially even just Original Medicare may be enough.

Original Medicare has the lowest premiums, but can lead to high out-of-pocket costs. Many people select Medicare Advantage plans because prescription coverage is often included and the monthly premiums are usually much lower. For some people though (like frequent travelers), the flexibility and benefits that come with Medicare Supplement plans may justify their typically higher premiums.

With Original Medicare you are responsible for 100% of all costs outside the United States. Medicare Advantage plans often offer worldwide coverage for emergency and urgent care. Medicare Supplement plans offer national coverage for doctors and hospitals, and may provide some coverage for health care services or supplies outside the United States.

Original Medicare and Medicare Supplement plans do not include coverage for prescriptions (and therefore you may want to purchase a separate Part D prescription drug plan). Medicare Advantage plans, however, often include bundled prescription drug coverage.

Original Medicare does not include routine dental or vision coverage, or extra benefits. Medicare Advantage and Medicare Supplement plans may offer coverage options for both dental and vision care, but only Medicare Advantage plans are likely to include extras like wellness dollars and a fitness program membership.