There are a few Medicare Advantage Plans that give you money every month to offset the cost of your Medicare Part B. If you’re drawing Social Security, the cost of Part B is being deducted from your check. The average cost of Part B is $148.50/mo.
With a Premium Reduction Plan, you could receive $125 every month. The plan benefits are similar to other Medicare Advantage Plans and the cost of the plan is $0 in many counties. Plus you’ll undoubtedly be able to keep your doctors (I can check for you).
SO WHAT’S THE CATCH?
These plans may have a few additional copays. But since you’re getting $125 every mo (for example), you’re still way ahead if you have a slightly higher copay once in a while. You can decide for yourself after viewing the Summary of Benefits.
We’re glad to help if you’d like more information. Call 949-300-3022, email neil@insurance-oc.com or click here to book a phone appointment at your convenience.
Neil Steinman is the principal of Orange County Health & Life Insurance in Orange County, CA – and has been serving the needs of California residents for nearly 20 years.