Paying Now vs. Paying As You Go

What you pay out of your own pocket and when you pay depends on which coverage option you choose.

Original Medicare

With Original Medicare, you “pay as you go” by paying up to 20% co-insurance. If you need more extensive medical care however, there is no limit on what you will have to pay out of your own pocket each year.

Medicare Supplement

For example, if you choose to add a Medicare supplement to Original Medicare, you are paying upfront through a monthly premium regardless of whether you see the Doctor or go into the hospital.

Medicare Advantage

Many Medicare Advantage plans offer $0 premium plans where you “pay as you go” through small copays or co-insurance amounts and only pay for the care you use. The most important thing to note about a Medicare Advantage plan is that, unlike Original Medicare, it also offers an added layer of protection by limiting the amount you pay out of pocket each year for covered medical services each year. That way, you are covered throughout the year and protected should a serious illness or injury occur.

Interested in Learning More About a Covenant Advantage Plan?

Talk with a Licensed
Medicare Advisor

Discuss your options with a local, licensed Medicare advisor.

Attend a FREE
Medicare Seminar

Learn more about Covenant Advantage plans at one of our FREE local or online seminars.

Request Your FREE
Information Kit

Download your FREE Medicare Information Kit or request a physical copy in the mail.

Schedule a
Personal Consultation

Get all your questions answered in a one-on-one appointment with a licensed Medicare advisor.

COVID-19 vaccinations for those 65 years of age and older are available through Michigan local health departments.
Visit the Michigan Coronavirus Vaccine information web page for a list of health departments offering the vaccine and to schedule your vaccine appointment.

Learn more about how PHP Medicare is helping members through the COVID-19 outbreak.