Medicare
Allow GDSPD to Simplify Medicare for You
While Medicare covers most healthcare expenses, it doesn’t cover everything. Medicare beneficiaries are responsible for a number of co-payments and deductibles, which can easily add up to thousands of dollars. If all you have is Original Medicare, you’ll need to pay these costs out-of-pocket.
As a result, many Americans buy additional private insurance to cover these gaps in coverage. There are two main categories of private insurance on the market: Medicare Advantage and Medicare Supplement plans. While these programs offer similar health benefits, they also have some significant differences that you need to consider.
Understanding Medicare and Additional Coverage Options
Medicare covers most healthcare expenses but leaves beneficiaries with co-payments and deductibles. These out-of-pocket costs can add up to thousands of dollars. Many Americans buy additional private insurance to cover these gaps.
Medicare Supplement plans work alongside Original Medicare, covering extra co-payments and deductibles. Beneficiaries remain enrolled in Original Medicare, with Medicare paying most healthcare bills. Private insurance covers the remaining costs, providing additional financial protection.
Medicare Advantage plans replace Original Medicare, offering coverage through private insurance companies. These plans must provide the same level of coverage as Original Medicare, except for hospice care. Unlike Medicare Supplement plans, they do not allow additional Supplement coverage, limiting financial protection for out-of-pocket expenses.
Experience the value of working with a GDSPD Medicare Expert.
Medicare FAQ's
Yes! Doing an annual review of your Medicare plan ensures you always have the best coverage available to you
Maybe! While we are sure your family means well, unless they are Medicare experts, taking their advice could cost you a great deal of money.
