KBenefits Insurance Services
Medicare Plan Options

Medicare Plan Options


Once you are enrolled in Medicare A & B, you can decide to enroll in a Medicare supplement plan also known as a Medigap plan and a part D prescription card (or) Medicare Advantage (Part C)

Both Medicare supplement insurance plans and Medicare Advantage plans are offered by private insurance companies approved by Medicare.   With either choice, you continue to pay a monthly Part B premium to Medicare. The main things to think about when deciding between them are: 

  • Many hospital and providers nationally accept Supplements whereas you have to use a select set of doctors and hospitals to receive In-Network coverage and benefits.
  • With a Stand Alone Part D prescription plan, you can change that yearly upon Open Enrollment, Oct 15th to Dec 7th.   Whereas, a MAPD health plan has a specific formulary tied to the Medicare health plan. 
  • Would you rather pay more in monthly premiums and have lower out-of-pocket costs for services (or) pay a low or $0 monthly premium and co-pays, deductibles and coinsurance up to ~$6,700 per year for services.



 Your Medicare Plan Options:

  Option #1 Option #2  
  Medicare A Medicare A  
  Medicare B Medicare B  
  Medigap MAPD  
  Part D - Rx    

IRMAA - Medicare B and D


IRMAA stands for income-related monthly adjustment amount.  IRMAA is an additional amount that some people might have to pay along with their Medicare premium if their modified adjusted gross income (MAGI) is higher than a certain threshold.

  • Part B - IRMAA chart
  • Part D - IRMAA chart

Christopher S. Kudryk
Benefits Specialist
Call: 732-333-1976
Fax:  732-444-5971

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