The Association of Retired Americans is dedicated to being a primary resource for members
as well as non-members throughout the industry. Below you will find details on plan types,
important phone numbers, and an FAQ.
Call 1-800-ARA-PLAN to schedule a consultation with an agent today !
A Medicare Supplement Insurance Policy helps pay some of the healthcare costs that
Original Medicare does not such as Copayments, Coinsurance, and Deductibles
Need to Know:
You must have Medicare Parts A and B
You cannot have a Medicare Advantage Plan and a Supplement at the same time
You pay a premium for the policy in addition to the Part B premium you Pay Mediare
Any standardized Medigap Policy is guaranteed renewable as long as you pay the premium
It's illegal for anyone to sell you a Medigappolicy if you have a Medicare Savings Account Plan.
Sometimes known as "Part C" or an "MA Plan," they are offered by
private companies approved by Medicare. MA Plans cover both Part A and Part B, but
can ofer extra coverage like hearing, dental, vision, wellness programs, and most
include prescription drug coverage (Part D). Medicare Advantage Plans can come with a premium in addition to Part B.
Each Medicare drug plan has a formulary, list of covered drugs, in various 'tiers'
which affect the drug cost. Drugs in lower tiers usually cost less than those in higher tiers.
You can get prescription drug coverage two ways:
Choose a Medicare Part D Plan
Choose a Medicare Advantage Plan
Your plan may have these coverage rules:
You and/or your prescriber must contact the provider before you can fill some prescriptions to show that it is medically necessary.
Quantity limits on how much you can get at one time
Step Therapy: you must try one or more similar or lower cost drugs before the plan will cover the prescribed drug
Costs: Part D comes with costs including, premiums, deductibles, copayments or coinsurance.
To learn more about The Association of Retired Americans, Call 1-800-ARA-PLAN to schedule a consultation today!