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learn how to save money with Medicare

How to Save Money With Medicare

When you’re looking to save on medical costs, Medicare makes it easy. No matter what the treatment setting is or what services are provided, there is always a way Medicare can help save you money.

Save on Hospital Costs

Medicare Part A is the plan that takes care of the expenses you run into when you’re hospitalized. Hospital costs can rack up fast but with Medicare Part A, many of these costs can be covered. And it’s not just the hospital. You save on hospice and skilled nursing facility stays, too.

Even better – this plan can be premium-free. 

Spend Less at the Doctor’s Office

When you’re getting treated outside the hospital, the bills are smaller, yet they pile on. Medicare Part B saves you here. The amount you have to pay for office visits, exams, screenings, and x-rays are all reduced. You can also catch issues before they begin by getting preventive services. Even Durable Medical Equipment gets cheaper with this plan.

Signing up for Part B also allows you to enroll in other great Medicare policies like Medicare Advantage to help you keep on saving.

Prescriptions Get Lower

You have the option of joining Medicare Part D, the prescription drug plan. Its extensive formulary allows it to cover the medication you need to take. The standard 2021 premium is $33.06, making it one of the more affordable health insurance policies you can enroll in.

Medicare Advantage Gives You Everything in One Place

Medicare has another type of plan which can include coverage for several services. This is Medicare Advantage, and in some instances, the premium is $0. With one plan, you save on everything inside and outside the hospital. There are some other bonuses, too. Your eye health, dental health, and hearing treatments can also be covered, depending on the policy you choose. Gym memberships may also be included.

Medicare Supplement Plans Make Out-of-Pocket Costs Vanish

When you’re on Medicare Parts A and B, you can get a little extra on savings. Medicare Supplement Plans bridge that gap between Medicare coverage and you as they will take care of your out-of-pocket costs.

Saving Starts With Us

At Cornerstone Senior Advisors, we extend our helping hand to you, and if you want to know more, please call us at 316-260-3331.