Medicare Advantage plans are funded by Medicare but administered by private healthcare companies. This arrangement is proving to reduce fraud, waste, and abuse because the Healthcare companies do a better job managing medical costs better then the Government.
Bottom Line on Option Two -
Most Medicare Advantage plans in Ohio cost you $0 per month or small premium like $19 per monh
Unlike having a Medicare Supplement, You have to pay a small portion of the services you are receiving called copayments. Examples
Primary Office Visit - $5
Specialist Office Visit - $25
Labwork - $2
X-Rays - $7
Emergency Care - $80
Outpatient Surgery - $295
Plan Includes Part D Prescription Drug Coverage, Dental, Vision, Hearing Aids, Gym Membership and more.
Ohio plans have very extensive provider Networks...meaning its likley your Doctors and Hospitals are covered by most plans.
MONTHLY COST SUMMARY
Medicare Part B Cost - $134
Medicare Advantage Plan Premium - $0 or $19