Discovering Your Medicare Plan

Discovering Your Medicare Plan Fall is here, the time of year to discover options available to you through Medicare. Don’t wait! Medicare open enrollment starts October 15, 2020 for the 2021 coverage year. This is the time of year when you can make your elections and changes to your 2021 Medicare insurance. Medicare can be is complicated! Medicare A, B, C, D, Advantage, Gap - How does anyone decipher all the options to find a plan that is best suited to your budget, health, lifestyle, and your needs? F & M Community Bank’s local insurance expert Cherrie Brink explains the basics. “There are 3 parts to Medicare. First, there is Medicare Part “A”, which covers hospitalization. Then there is Medicare Part ”B” to cover doctor visits. And Medicare Part “D” for prescription drug coverage. There are also a variety of Medigap plans which have both basic and extended plans. Gap policies cover Medicare deductibles, co-pays, and