M edicare– is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)
P art A– Covers your inpatient Hospital stays, skilled nursing services, some health services, and hospice care.
P art B– Covers your Doctor visits and other medical services that are not inpatient. Products for outpatient care, durable supplies and services.
P art C– referred to as a Medicare Advantage plan. Private Insurance companies combine coverage for Part A (hospital stays) and Part B (doctor visits). You have the option of a prescription drug with Part C.
-Most Medicare Advantage Plans have to be in a network
P art D– Covers your Prescription Drug Plan. If you delay in enrolling you may have a penalty.
M edicare Supplement (Medigap)- Covers the other cost that Original Medicare does not cover.
All Medicare Supplements are the same throughout the United States, since it is a Federal Regulated Insurance plan. The only difference is the premium that is charged to the customer.
-Most Medicare Supplements do not have to be in a network