There are two ways one can get Medicare coverage. For instance, Medicare Part A and Medicare Part B or a Medicare Advantage Plan C. Some people will get additional coverage with a prescription drug plan. The following should help you understand which Medicare coverage would be best for you.
Original Medicare Coverage
Medicare Part A will cover your hospital bills and Medicare Part B is your medical insurance. Medicare provides this health insurance and a person will have the choice of deciding what hospitals, doctors and specialists one would want for their care. The amount of Medicare Part B is $134 or higher depending on one’s salary in 2018. Some people who have social security benefits may not pay as much, usually the person will pay a coinsurance and deductible for having Medicare Part A and Medicare Part B. A recipient will have to pay a coinsurance and deductible for having Medicare Part A and Medicare Part B. If one gets a Medicare supplement plan, also called Medigap Plans, they may have to pay some of the costs.
Medicare Advantage Plans
Also known as Medicare Part C is a Medicare Advantage Plan that will cover both Medicare Part A and Medicare Part B. This insurance is provided by private insurance companies approved by Medicare. You will pay a monthly premium for the Medicare Advantage Plan C. Some of the plans will offer vision, hearing and dental coverage and you may pay a copayment or coinsurance as well. Each plan is different for their cost and coinsurance payments. The costs you may have to pay yourself are usually lower in a Medicare Advantage Plan. This plan may be more beneficial for a senior.
After deciding on the Medicare plan you wish to have, you may also want a prescription plan to cover the drugs a doctor may decide you need. If you choose a Medicare supplement plan you may decide to also get a Medicare Prescription Drug Plan Part D. These plans are also available from private insurance agencies.
If you choose to have a Medicare Advantage Plan then the drug coverage will be in your Medicare Advantage Plan and you will get it through that plan.
If you choose Medicare Part A and Medicare Part B you may wish to also get a Medicare supplement plan to help with the costs of your medical issues that are not covered by Medic