Medicare Terminology

Medicare Part A – Hospital Insurance.  Part A  helps cover inpatient care in hospitals, skilled nursing facility, hospice and home health care.

Medicare Part B -  Medical Insurance.  PArt B helps cover doctor’s services and outpatient care.

Original Medicare is Medicare Part A and Medicare Part B and is run by the Federal Government.

Medicare Supplement Insurance or Medigap is a private health insurance that helps pay some of the health care costs like deductibles, coinsurance and copays that Original Medicare doesn’t cover.  This is a supplement to your Original Medicare plan.

Medicare Part C is a Medicare Advantage Plan.  These are health coverage choices run by private insurance companies that have been approved by Medicare and are often structured with copayments like an HMO or PPO.  If you elect a Medicare Advantage Plan you will receive all of your Medicare Benefits directly from that company.  They may offer extra coverage and prescription drug coverage.

Medicare Part D is  Prescription Drug Coverage.  It helps cover the cost of prescription drugs and is sold directly by private health insurance companies.

Please feel free to contact us if you have any questions about your senior health options.