People are always asking me this question, especially when they just start on Medicare. The answer I give is always to do the some research before choosing your plan.
In the grand scheme of things, they all must cover everything that original Medicare covers but often much more. They all get the same amount from the government on your behalf. However, most companies give you way more coverage because of the fact they are able to negotiate the payments they can make with providers.
The better the deal the company can make with providers, the more extra benefits the plan can provide. This simply means you have to find the plan that provides the benefits you really need.
This is especially important with prescription drugs. Some plans cover drugs that other plans do cover. It is also important with your doctors. Some plans out there will not have your doctor in-network.
There are many different Medicare Advantage plans to choose from, so do your homework. If you have chronic conditions like cancer and COPD, a Medicare Supplement may be the best choice for you.
I am happy to sit down with you to sort through the different plans available to you if you give me a call.