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Investment & Retirement

Investment & Retirement

Weighing Your Options: Understanding the Potential Costs of Medicare Choices

By EDDIE HANSON

2 years ago

When it comes to Medicare, making the right choice for your healthcare coverage is essential. There are several options available, each with its potential costs. Let's explore the expenses associated with staying on Original Medicare, adding a supplement and drug plan, and the costs of opting for a Medicare Advantage plan.Original Medicare (Part A and Part B):a. Part A: Generally, there is no premium for Part A if you or your spouse paid Medicare taxes while working. However, there are deductibles and coinsurance for hospital stays.b. Part B: Part B has a standard monthly premium ($164.90 2023...

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