Shop around
There are some aspects of Medicare that are sold by private companies. These include:
- Part C (Advantage)
- Part D (prescription drug coverage [4])
- Medigap (Medicare supplement insurance) [5]
The monthly premiums for these plans are done by the companies offering them. The amount that you’ll pay depends greatly on the specific plan, the company setting it, and your location. Because of this, it’s a good rule of thumb to compare several plans done in your area before selecting one. Medicare’s website has helpful comparison tools for Part C and Part D plans, as well as Medigap coverage.
Look into Medicaid
Medicaid is a joint federal and state program that can assist people with lower incomes or resources to pay for their healthcare costs. It can also help to cover services that aren’t normally covered by Medicare, which includes long-term care. Medicaid programs can vary from state to state. You can call your state’s Medicaid office, to find out more about Medicaid programs available in your state, and to see if you qualify.