Looking for ways to lower your Medicare expenses without sacrificing care? These ten Medicare savings tips will help you reduce costs, uncover extra benefits, and make informed choices about your coverage.
One of the easiest ways to start saving on Medicare expenses is to review your monthly premium. Depending on your coverage, there may be opportunities to minimize or even eliminate some costs.
Most people pay $0 for Medicare Part A, while the standard Medicare Part B premium is $185.00 in 2025. However, many Medicare Advantage (HMO or PPO) plans offer $0 monthly premiums, which could reduce your expenses significantly.
Action step: Call (623) 223-8884 today for a no-cost, no-obligation quote to see how much you could save.
If you haven’t enrolled in a Medicare Advantage plan, now is the time to compare options. These plans are typically less expensive than Medicare Supplement plans and may provide additional coverage.
Most Medicare Advantage plans include:
Switching your plan could lead to significant savings on both premiums and out-of-pocket costs.
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Local, licensed insurance agents with 25+ years of experienceNot all plans have the same cost-sharing structure. Comparing options for copays and coinsurance can help you find a more affordable plan.
Tip: Let our local licensed Medicare insurance agents compare Medicare plans for you and find one that meets your health needs and budget. Call (623) 223-8884 for a no-cost consultation.
Prescription medications are a significant expense for many Medicare beneficiaries. Different plans may cover your medications at different rates.
There are five tiers of drug coverage, from low-cost generics to high-cost specialty drugs. Easily search for plans covering the prescription drugs you rely on and discover the lowest cost. To save money:
Agent tip:
“Many Medicare Advantage plans include perks like discounted gym memberships, Over-the-Counter (OTC) benefits, and lower drug costs.“
Do you qualify for extra financial help? Medicare Savings Programs (MSPs) and other state assistance programs help reduce:
If you’re eligible, you might also qualify for a Special Enrollment Period (SEP), allowing you to switch to a better plan midyear.
Unsure if you qualify? Call (623) 223-8884 for a no-cost eligibility review with a local licensed insurance agent.
Many Medicare Advantage and Supplement plans offer additional perks like:
If you’re paying out-of-pocket for these services, switching to a plan with built-in benefits could save you hundreds annually.
Free, unbiased serviceCompare all major plans and carriers Local, licensed insurance agents with 25+ years of experienceIf you have a chronic illness such as diabetes, Chronic Obstructive Pulmonary Disease (COPD), or heart disease, some Medicare Advantage plans are specifically designed for chronic care management.
These plans often provide:
Where you go for care can impact your out-of-pocket costs with Medicare:
Tip: Check your plan’s provider network and Medicare’s Procedure Price Lookup tool to compare facility costs and save.
Value-based providers focus on quality care and improved outcomes, not the number of services performed. These providers often reduce overall healthcare costs.
Remember: Value-based care works best as a long-term partnership, so choose providers aligned with your health needs and goals.
Medicare Part B covers a wide range of preventive services—including annual wellness visits, cancer screenings, vaccinations, and more—at no cost when your provider accepts Medicare assignment. These benefits are designed to detect health issues early, which can help you avoid more expensive care later in life.
Action step: Schedule your annual wellness visit and any recommended screenings to protect your health and wallet.
Bottom Line: These ten Medicare savings tips can help you lower your premiums, cut out-of-pocket expenses, and take advantage of benefits you may not even know exist. The right plan makes all the difference. Start exploring your options today.
Free, unbiased serviceCompare all major plans and carriers Local, licensed insurance agents with 25+ years of experience
The best time to review your Medicare plan is during the Annual Enrollment Period (AEP) from October 15 to December 7. However, you may qualify for a Special Enrollment Period if you move, lose other coverage, or meet certain conditions, which allows you to adjust and save outside AEP.
Yes. Some common overlooked costs include out-of-network provider fees, late enrollment penalties, and drug tier changes that increase prescription costs midyear. Reviewing your plan documents and pharmacy network regularly can help avoid these surprises.
In some cases, for example, if you have retiree health benefits, Veterans Affairs coverage, or employer-sponsored insurance, coordinating these with Medicare can help minimize out-of-pocket expenses. Speaking with a licensed insurance agent can help you determine the best setup for your health and budget.
Read more by David Luna
I am a Spanish-speaking Arizona Life and Health Insurance Licensed Agent and have been helping people with Medicare since 2005. I am a Marine Corps Veteran & former police officer. I enjoy watching football and basketball but hold family time in the highest regard.
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