Original Medicare with a Medicare Supplement and No Part D plan means that a Medicare Beneficiary is receiving Part A and Part B of Medicare and purchases a Medicare Supplement (Medigap Plan) to Supplement the Original Medicare Benefits and does not purchase a Medicare Part D plan for Prescription Drug coverage.

Is this option right for me?

•If you have other supplementary coverage for Prescription Drug coverage (for example, VA Drug benefits), this could be a good choice.
•If you prefer a fixed premium to reduce financial exposure, this could be a good choice.
•If you are not willing to accept a network less than all Medicare approved providers, this could be a good choice.

Advantages:

•Financial Exposure to Part A and Part B cost sharing can be virtually eliminated (depending on the Medicare Supplement plan selected) in exchange for a premium with a fixed cost for the year.
•Medicare Supplement plans are “Guaranteed Renewable” which protects insurability.
•Has the same broad network of Providers and Hospitals that Original Medicare offers.

Disadvantages:

•Unlimited financial exposure for Part D Prescription drug expenses.
•Late Enrollment Penalty would apply for Medicare Prescription Drug benefit unless there is other Creditable coverage.
•There is a premium which must be paid for the Medicare Supplement plan.
•In absence of other coverage (for example, employer-sponsored retiree drug coverage, Union-sponsored Retiree drug coverage, Veteran’s Administration, etc.), Medicare Beneficiary would be responsible for all outpatient Prescription Drug Costs.

Costs:

Cost Sharing would depend on the Medicare Supplement plan you choose. There are 11 plans to choose from: A, B, C, D, F, G, K, L, M, N and High Deductible F. Premiums for each plan will vary based on the insurance company you choose.