When you consider Medicare Plans for 2011 from a top-level view, you really have only three options. Understanding the types of Medicare plans available will enable you to compare 2011 Medicare plans on an individual and side-by-side basis to determine which is the best plan for you in 2011. The first option is the one that you have every year; that is, original Medicare. The other options consist of Medigap, otherwise known as a Medicare supplement and lastly, a Medicare Advantage plan. The first thing to consider is if you should stay with original Medicare and purchase a Part D plan. There is no rule that says you have to purchase a supplemental policy or enroll in a Medicare Advantage plan. Some people choose to stay with original Medicare. The vast majority of these people do so because they have supplemental insurance from a former employer. If you are offered health …show more content…
Some 2011 Advantage plans have premiums approaching those of Medicare supplement policies, often with less benefits. When considering Medicare plans for 2011, your bound to be inundated with marketing materials touting the benefits of Advantage plans. As far as Medicare plans for 2011 go, Medicare Advantage plans generate the most questions and often confusion. Medicare Advantage plans are annual plans that can change yearly or even not renew for the following year. An Advantage plan is not a Medicare supplement. But rather, you receive your Medicare benefits from a private insurance company that is approved and contracted with CMS (Centers For Medicare and Medicaid). The benefits of an Advantage plan include: Often little or no monthly premium. Fixed cost sharing, including co-pays, coinsurance and deductibles. Part D is often included. Plans have benefits beyond original Medicare, like dental and