30 Second Insurance Tips / Pay As You Go Or Pre-Pay?

Published: Sun, 11/12/17



 

Tip # 338
PAY AS YOU GO OR PRE-PAY?
 
We’re in the middle of the Annual Election Period – October 15th through December 7th – when Medicare eligible individuals can buy or make changes to their Part C Advantage or Part D Prescription Drug Plans.

What are those? Click here for a review of Medicare basics. (Oh my; 300 Tips ago!)

Advantage Plans usually include Part D coverage and have low (or no) monthly premiums. But they also have an array of co-pays that are paid whenever you incur care; i.e., “pay as you go.”

Medicare Supplement Plans typically have monthly premiums based on age, ranging from  (approx.) $180 to $300/month. But then, there are few “gaps” in coverage; i.e., “pre-paying” for care.

Catchy titles and generalities don’t do justice to a complicated topic.

Our best Tip would be to find more than 30 Seconds to visit with one of our professionals before December 7th.





Jon C. Rauser, President
10938 N. Port Washington Rd.
Mequon, WI 53092
414-276-2700
www.TheRauserAgency.com