Medicare beneficiaries have more options for coverage than ever before. As part of the 2003 Medicare Modernization Act seniors can choose between two types of Medicare

Traditional Medicare

This type of Medicare goes all the way back to 1965, the beginning of the program. Here Medicare generally pays 80% of medical expenses and is your primary insurance. Most beneficiaries will fill in the other 20% with plans called Medicare Supplements. Supplement plans in Wisconsin have mandated benefits making them virtually identical no matter what insurance company you choose. Prices vary according to age, health, sex, zip codes and smoking preference. Traditional Medicare Supplements cannot include Drug Prescription benefits better known as Medicare Part D.

Medicare Advantage

This type of Medicare goes back only to the 80s in Wisconsin but has become a very popular choice since 1996. Instead of Medicare paying 80% of medical expenses the federal government pays a private insurance company to do its job for it. This is like the government jobbing out Medicare to the private sector. Plans are required to at least pay benefits consistent with what Traditional Medicare would pay. Members have co-pays for health care but have little or no premiums to pay. Think of this type of coverage as pay as you go Medicare. Advantage plans can include Part D drug benefits in their coverage and allow members to switch plans and or companies every year during enrollment periods spanning from November 15th to March 30th of each year.

Making the decision of what type of Medicare to use can be a difficult one and should never be taken lightly. FHK, your Trusted Insurance Source uses experienced professionals that can help you choose what plan is best for you. We believe in face-to-face assessments of your health insurance needs and are not limited to one company when recommending a plan. We represent only the best companies and provide comprehensive service after the sale. FHK agents and staff are always available to answer your questions and are certified to present either Medicare Supplements, Medicare Advantage plans and Part D drug plans.

Which type of Medicare is best for you? Let us discuss the options with you either in your home or in our office in Glendale, WI. Or attend one of our many informational seminars in your area. Rely of FHK, the Senior Citizens Trust Source since 1971.