Still Don’t Understand Medicare Health Insurance?
It is sort of ironic, that now that we get older, we have to go back to the Plan A, B, Cs, and Ds of Medicare Health Insurance! In fact, now that we have even more health insurance choices for Medicare beneficiaries, it can be even tougher to select the right plans.
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Original Medicare Health Insurance
Original Medicare, active since the 1960′s consisted of Plan A and B. These are hospital and medical insurance plans that were designed to help seniors and disabled people control their medical costs, but not to pay for everything. Most qualified Americans will not have to pay an extra premium for part A, but will have a premium for Part B. This premium is often deducted from social security checks so many people are not even aware of it.
Medicare Part D and Part C
A few years ago, another Medicare plan called Part C (Medicare Advantage) was allowed. Private insurers can offer policies to qualified Medicare beneficiaries. Just recently, Medicare part D (Prescription Coverage) was announced. These are also private plans, subsidized by tax dollars, that should help seniors and disabled people control their prescription medicine costs.
Medicare supplements are different, as they supplement the gaps in original Medicare. Part A and Part B both have deductibles, limits, and copays so covered people can still have out of pocket expenses. The different levels of Med Sups (Medi Gap) policies pay for some of these expenses.
Learn More : Medicare Supplements vs. Medicare Advantags vs. Medicare Prescription
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