What Are My Medicare Options?
Medicare is a national health insurance program in the United States, begun in 1965 under the Social Security Administration (SSA) and now administered by the Centers for Medicare and Medicaid Services (CMS). It primarily provides health insurance for Americans aged 65 and older, but also for some younger people with disability status as determined by the SSA, including people with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease). At Better Together Insurance, we're dedicated to helping you find the right Medicare plan for your healthcare needs.
Medicare Part A
Often referred to as "hospital insurance," Part A is devoted to inpatient care, covering the costs of inpatient hospital stays, skilled nursing facility stays (if they meet specific criteria), home healthcare and hospice care.
Medicare Part C
Part C allows Medicare-covered benefits through private health plans that may also include extra benefits such as prescription drug coverage. In exchange for the benefits, coverage may be limited to network of providers.
Medicare Part B
Part B is sometimes referred to as "medical insurance." It covers outpatient expenses, including physician and nursing fees, as well as a range of services (such as x-rays, diagnostic tests, and renal dialysis) and some equipment.
Medicare Part D
Also known as Prescription Drug Coverage, Medicare Part D provides price breaks on prescription drugs for millions of Americans who enroll in Part D plans designed and administered by private health insurance companies.
Medicare Supplement (Medigap)
Medicare supplement (Medigap) is a supplemental coverage purchased by Original Medicare beneficiaries to cover out-of-pocket expenses (for Medicare-covered services) they would otherwise have to pay themselves. Ten different standardized plans are offered in most states, lettered A through N, providing different combinations of money-saving benefits (note that the current plans C and F, both of which cover the Part B deductible in full, will no longer be available to new enrollees after the end of 2021: people who already have those plans at that point will be able to keep them, but people who become newly-eligible for Medicare after the end of 2021 will no longer have access to a Medigap plan that covers that Part B deductible. The most comprehensive Medigap alternative at that point, for newly-eligible enrollees, will be Plan G, which is the same as Plan F except for the coverage the Part B deductible).
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