Michael M Insurance Blog

Medicare and Cancer

Apr 23, 2021 | 0 comments

All of us know someone that has been touched by cancer. It’s my opinion that the best course of action in the event that this starts to become a reality is to have a plan in place that will give you the most options while at the same time minimizing costs. This will hopefully reduce the need to think about your Health Insurance and allow you to concentrate more on treatment. The 2 types of Medicare Health Insurance plans available are Medicare Advantage and Medicare Supplement Plans. Both help pay your Medicare cost share .Let’s take a quick look.
Medicare Advantage
The monthly cost to these is very low, as low as $00.00. The copays however for hospital stays, MRI’s blood work can become quite expensive. Chemo and any other injectable medication done in a doctors office or facility are not covered by the plan in that you will have to pay the Medicare Part B 20%. You will more than likely reach your Maximum Out Of Pocket figure (As high as $7400) in a short period of time but your cost share will be reduced to $00.00. Also, these plans are HMO’s and PPO’s which means some doctor/hospitals might be out of network and unavailable or at a higher copay.​
Medicare Supplement
​There are monthly costs to these and the individual has to weigh the benefits against the extra cost. 
Benefits
No doctor/hospital network. Care can be had with any doctor/hospital that accepts Medicare in any state.
Copays are reduced to very low or $00.00
Speak to your Medicare Advisor for a more detailed analysis for your individual needs.

Frequently Asked Questions 

20% after the $240 deductible.

Yes, with a Medicare Advantage or Medicare Supplement Plan.

Mike Miligi- Owner- Michael M Insurance Services

For over 10 years Mike has been assisting Seniors and other Medicare eligible individuals understand the ins and outs of Medicare and Medicare Health Insurance options including Medicare Advantage Plans(Part C), Medicare Supplement Plans(Medigap), Prescription Drug Plans(PartD) and Dental and Vision programs.

Mike is Licensed in 7 States and Certified with 11 Insurance Carriers and has helped thousands of individuals decide on the best course of action for their particular Health Insurance needs. Because Mike is an Independent Medicare Health Insurance Broker, he works for the client not the Insurance Carriers and is able to provide his clients with accurate and unbiased Health Insurance options.

Mike recertifies with CMS(The Centers for Medicare and Medicaid Services) annually, regularly completes Continuing Education Courses required by individual State Insurance Departments and keeps abreast of industry trends and standards to offer his clients the most up to date information available.

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