Russ Stockton, Medicare Insurance Agent

How can I estimate my total Medicare costs if I have a chronic condition like diabetes?

Answer: Thank you for your inquirey.

You can estimate your drug cost on Medicare.gov or with a broker. This estimate would be on what you are currently taking.

As far as the medical estimate, it would depend on how you are insured. If you are on a plan G Medicare Supplement, you know your out of pocket would be your premium plus the part B deductible, $257.

If you are insured on a Medicare health plan, also known as Medicare Advantage, it would depend on your medical usage for the year. Medicare Advantage plans have out of pocket maximums. If you are on a plan with a $5,000 out of pocket maximum, you know that is the worst case scenario, provided you are only getting Medicare covered services.

Thank you,

Russ Stockton