While Original Medicare pays for many of your health care services and supplies, it may not cover everything you need. Because of this you may want to consider enrolling in a Medicare Supplement plan, also know as a Medigap plan. Unlike Original Medicare, Medigap plans are offered through private insurance companies. These plans help cover some of the hospital and medical costs that Original Medicare doesn’t cover such as copayments, coinsurance and yearly deductibles. Some plans also help pay for services such as Part B excess charges, emergency overseas travel, and 2 out of the 10 Medigap plans include a yearly out of pocket limit, all of which Original Medicare does not. In other words, a Medigap policy can fill in “the gaps” of Original Medicare.
Medicare's Annual Election Period is nearing and you still may have some questions about the Medicare enrollment process. In this video, we breakdown the answers to some questions you may be asking as well 5 crucial things you may want to consider during this period.
Topics: Medicare, Medicare A, Medicare B, What is AEP?, What is Medicare?, What is Medicare Part A?, What is Medicare Part B?, What is Medicare Part C?, What is Medicare Part D?, What is Medicare Advantage?, What is Original Medicare?, What is Medicare Supplements?, What are Medicare Supplements?, What is Annual Election Period?, What is Annual Enrollment Period?
Are you new to Medicare and not sure where to start? If you need help understanding the basics of Medicare and what it all entails, here are four things you'll need to know before committing to any health care plan. As complicated as it all may sound, once you make yourself familiar with all the parts of Medicare, deciding what is best for you and your healthcare needs can be a piece of cake! Let's start!
Topics: What is Medicare?, What is Medicare Part B?, What is Medicare Part C?, What is Medicare Part D?, What is AEP?, What is Original Medicare?, What is Medicare Advantage?, What is Medicare Supplements?, What is Annual Election Period?, Medicare, Medicare Part A, Medicare Part B, Medicare Part C, Medicare Part D, Medicare Plans
Medicare Advantage plans and Medicare Supplements both provide beneficiaries with a way to minimize and control out-of-pocket health costs and maximize their benefits. Additionally, both types of senior health insurance are strictly regulated by federal and state insurance laws. However, these types of health insurance plans work very differently, and it is important to understand the difference before you decide which Medicare health insurance plan is best for you.
Topics: prescription drug coverage, Medicare, medicare advantage, Medicare Supplements, Medicare Part C, Medigap, Medicare explained, medicare solutions, how medicare works, explain medicare, Part D, Part C, What is Medicare?, What is Medicare Advantage?, What is Medicare Supplements?