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Why get Medicare quotes when you already have Medicare?

If you’re already enrolled in Medicare, why would you get Medicare quotes? Great question!

Before we can get to why it’s a good idea to request and evaluate Medicare quotes, we need to explain a little about what Medicare really is and how it works.

Medicare Overview

Medicare isn’t one simple program. It has different parts, many plans, and additional options for financial savings, special needs, and other circumstances. For the sake of understanding Medicare quotes, we need to talk about three major categories within Medicare.

Original Medicare
Original Medicare is the core Medicare program run by the federal government via the Centers for Medicare and Medicaid Services (CMS). Original Medicare has two parts: A and B. Parts A and B include many emergency services and medically necessary care, but there’s also a lot this Medicare coverage doesn’t include.

Medicare Advantage
Medicare Advantage Plans are offered by private companies that have contracted with the federal government. They must include all the coverage offered by Parts A and B, and typically offer additional benefits as well, conveniently bundling services.

Learn more about the difference between Original Medicare and Medicare Advantage.

Medicare Part D
While Medicare Parts A and B don’t include prescription drug coverage, you can incur fees for not having such coverage. Medicare Part D Plans are prescription drug coverage plans offered by private insurance companies. You can enroll in a Part D Plan in addition to Parts A and B, or enroll in a Medicare Advantage Plan that includes prescription drug coverage.

Now that we have a little more clarity around what it means to “have Medicare,” let’s talk about why you might consider getting Medicare quotes during the Medicare Annual Enrollment Period, which occurs October 15 through December 7 every year.

Why Get Medicare Quotes if you have Parts A and B?

Original Medicare—Parts A and B—is relatively standard for all beneficiaries, with perhaps some slight differences in premium costs depending on your income and other factors. Medicare quotes would be required to understand what benefits are included in private company plans, specifically Medicare Advantage or Part D Plans, so you can compare them and choose the right fit for you.

Here are four reasons why getting Medicare quotes may be worth your while:

Gain new benefits

Medicare Advantage Plans can offer you a range of benefits, with broad categories like dental, vision, hearing, fitness, and wellness. Specific benefits may include things like transportation to and from doctor visits, membership in local senior centers, meal delivery, or over-the-counter benefits at CVS or Walmart. Each Medicare Advantage Plan offers different benefits, so reviewing Medicare quotes to compare them can help you find the plan that best matches your needs.

Find better costs

Every plan has different costs, and those costs can also change from year to year. Some Medicare Advantage Plans have $0 premiums, $0 deductibles, and $0 copays. Requesting and evaluating Medicare quotes helps you see if you can find a plan that’s a better fit for your finances.

Get prescription drug coverage

If you only have Medicare Parts A and B, you’ll want to review Medicare quotes for standalone Prescription Drug Plans or Medicare Advantage Plans that include prescription drug coverage, so you can avoid penalties for not having it. Each plan has a different formulary, or list of covered drugs and prices, so be sure the plan you choose covers your prescription drugs at a price you can afford.

Consolidate and simplify

If you’re enrolled in Medicare Parts A, B, and D, you may want to review quotes for a Medicare Advantage Plan to consolidate your coverage and possibly offer additional benefits as well. Who wants more paperwork and bills to keep up with, right? You might be pleasantly surprised that you get more care and services for a lower cost in one convenient plan.

Requesting and Comparing Medicare Quotes is Easy

To receive a Medicare quote, just call 1-800-991-4407 / TTY 711 to speak with a Medicare Advocate who can help you find and evaluate plans in your area. Our hours are 10 a.m. to 9 p.m. Eastern, Monday to Friday.

Alternatively, you can visit the Medicare Online Enrollment Portal to find, compare, and enroll in a Medicare Advantage Plan in your area.