Of all major medical insurance options in an area, HMOs are usually the cheapest. This is true if you consider monthly premiums and if you consider potential expenses for co-payments, deductibles, and coinsurance. However, insurance companies control costs by imposing lots of rules.
Medicare Part A and Part B help beneficiaries pay for many health costs, but they do not pay for everything. For example, not all possible medical services are even covered by either Part A or B. Even covered services might include copays, deductibles, and coinsurance costs. Many Medicare beneficiaries would rather predict and control their health costs, and that is why they purchase Medicare supplement plans.
Topics: Medicare, medicare advantage, Medicare Part A, Medicare Part D, Part A, TSS, Medicare Supplements, Medicare Part C, Medigap, Medicare explained, how medicare works, explaining Medicare, explain medicare, Part D, Part C