Understand How Medicare Works, What Your Options are, and how to pick the best Medicare Option, Medicare Supplement, Medicare Advantage, Medicare Part D, Drug Coverage

1. WelcometoMedicare

2. Agenda
Understand Medicare
Understand Options
Understand How to Choose

3. PartsofMedicare
A B

4. ByPrivate Companies (that getpaid byMedicare)
C D
Combines
A, B, & D

6. Medicare Supplement Options
Plans are all the same (STANDARDIZED)

8. Choosing a
Company

9. How toChoosea
company
MEDICARE SUPPLEMENTS CONSIDER
 Price
 Customer Service
 Financial Solvency
 Market Share
 Historical Rate Increases
MEDICARE ADVANTAGE CONSIDER
 Your Out of Pocket Costs
 Extra Benefits
 Network
 Prior Approvals and rules to obtain services
 Customer Service
 Star rating
 Historical changes

10. How to
decide
Med Supp vs
Med Adv

11. YOUR DECISION, Think about how you normally make
buying decisions
Do you prefer a Cadillac or a Camry?
Is flexibility the most important?
IsAccess to care the most important?
Is low cost up front most important?
Are the perks most important?
Why do I have to pick, I want someone else
to?

12. Medicare Part D
How it works

13. Part D
 Have to cover at least 2 drugs in
each drug class
 Have to meet basic coverage design
 All have formulary
 Coverage Rules
 Use Network Pharmacies
 Tier Structure (co-pays)
Similarities

15. Differences
among options
Quite Varied
Drugs covered different
Costs can vary based on
tier/coverage
Star Rating, Customer Service
Number of Medications
Covered
Preferred Pharmacies