Medicare Information Center
Medicare provides good medical coverage for basic medical expenses, but there could be significant out of- pocket costs that Medicare doesn’t cover. A Medicare Supplement Plan can help fill these gaps for out of- pocket costs. There is different Medicare Supplement (“Medigap”) plans approved by each state that can provide you with coverage that meet your needs and budget.
- Choose your own doctor or hospital that accepts Medicare patients — with no network restrictions
- Visit specialists, with virtually no referrals
- Plans that travels with you anywhere in the U.S.
- Available foreign travel benefits
Part A (Hospital Insurance) helps cover
- Inpatient hospital care
- Skilled nursing facilities
- Hospice care
- Home Health care (some)
Part B (Medical Insurance)
- Doctors and other medical providers
- Outpatient care
- Home health care
- Durable medical equipment
- Some preventive services
Medicare Advantage Plans (Part C)
These are plans are from private insurance companies that are contracted with the Centers for Medicare and Medicaid Services (CMS). These plans provide all Medicare Part A (Hospital insurance) and Part B (Medical insurance) cost that Original Medicare covers and, may also provide prescription drug coverage as well as they may offer extra coverage, such as vision, hearing, dental, and/or health and wellness programs.
* There may be a monthly premium for these plans in addition to your Part B premium.
Plan types include:
- HMO (Health Maintenance Organization)
- PPO (Preferred Provider Organization)
- PFFS (Private Fee for Service)
- MSA (Medical Savings Account)
- SNP (Special Needs Plans)
Prescription Drug Plans (Part D)
Medicare Prescription Drug plans are available through private insurance companies approved by Medicare. They are stand-alone prescription drug plans that have monthly premiums, copays and deductibles depending upon the plan that you choose.