Top 5 Medicare Plans of 2020

Before knowing about the Top 5 Medicare Plans, you should clearly understand that every Medicare plan depends on the health goals of the recipients & what did they expect out from their health plan.

However, in the process of choosing a perfect Medicare plan, you are not alone. We are here to help you!!!


Are you fit for Medicare? If yes, here are some options for you:


PART A majorly covers for the following expenses:

  • Hospital care
  • Hospice care
  • Home health care
  • Skilled nursing facility (SNF) care

Also Read: Best Medicare Advantage Plans For 2020

Part A functions differently in every above-mentioned situation. 

You should meet two main requirements to be qualified for Medicare Part A:

  • You should 65 or above.
  • You have acquired disability benefits for at least 25 or more months.


PART A majorly covers for the following expenses:

  • Some medications like shots administered at the doctor’s office
  • Durable medical equipment like wheelchairs & medical braces
  • Emergency & ambulance services
  • Lab testing like medically necessary blood work
  • Mental health visits like therapy, family counseling & depression screening
  • Doctor visits: both PCPs (Primary Care Physicians) & specialists

Sadly, Part B does not cover for most of the services that are normally covered by plans under employer-sponsored health insurance.

Also Read: Best and Rest Rated Medicare Advantage Plans

Part B premiums by income (2019)

Individual income Married income (filed jointly) Married income (filed separately) Monthly premium
$87K or less $174K or less $87K or less $144.60 (standard premium)
$87,001–$109,000 $174,001–$218,000 N/A $202.40
$109,001–$136,000 $218,001–$272,000 N/A $289.20
$136,001–$163,000 $272,001–$326,000 N/A $376.00
$163,001–$499,999 $326,001–$749,999 $87,001–$412,999 $462.70
$500K or more $750K or more $413K or more $491.60

You should meet the main requirements to be qualified for Medicare Part A:

  • Aged 65
  • Completed the 25th month on disability
  • Began dialysis treatment for (ESRD end-stage renal disease)
  • Acquired an (ALS amyotrophic lateral sclerosis) diagnosis


Part D of Medicare is the only way to increase prescription drug benefits to Medicare coverage. These are federally monitored plans sold by private insurance companies & in most cases, there used to be many choices to select from.

Also Read: Medicare 101: Which Part Is Best For You? 

4) Medicare Advantage Plan

Medicare Advantage Plan is the same as the employer-sponsored health insurance plan. The recipient has to select a company as well as a plan that best fits his/her needs.

In exchange for your monthly premium, a portion will be paid by the insurance company that covers your healthcare expenses. Many plans pay for various other services as well as prescription drug coverage, dental and vision.

Different types of Medicare Advantage plan are as follows:

  • HMO Point-of-Service (HMO-POS)
  • Private Fee-for-Service (PFFS)
  • Preferred Provider Organization (PPO)
  • Health Maintenance Organization (HMO)

5) Medigap Plan

Medigap Plan offers an exceptional option for those who like the government-run Medicare program along with some additional expense coverage. Plans under Medigap helps to cover expenses that Original Medicare does not, such as coinsurance deductibles and copayments.

Also Read: Difference Between Medicare And Medicaid

Normally, the extra coverage means a high cost. However, the prices may also differ based on the insurance company, the area from where the recipient belongs and how many other individuals are on the same plan in your location.

These are the Top 5 Medicare Plans of 2020.

Reach out to a licensed sales agent today and choose a suitable plan for yourself!!!

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