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Original Medicare is the federal health insurance program for people 65 and older or those with certain disabilities. It includes Part A for hospital care and Part B for outpatient services, forming the core of your Medicare coverage.
Medicare Advantage, also called Medicare Part C, combines the benefits of Original Medicare (Part A and Part B) into a single plan with additional coverage, like dental, vision, hearing, and more.
Medicare Supplement, or Medigap insurance, bridges the coverage gap left by Original Medicare (Part A and Part B) and covers costs like deductibles, copayments, and coinsurance.
Medicare Part D Prescription Drug Plans (PDP) work in tandem with Original Medicare (Part A and Part B) and Medicare Advantage plans to provide prescription drug coverage.
For the latest information on Medicare plans, visit the Medicare.gov website.
Established in 1965, Medicare marked a significant milestone in American healthcare. It was created to provide health insurance for Americans aged 65+, regardless of income or medical history, and lessen the burden of healthcare costs for seniors.
Today's Medicare market can be confusing for seniors. Understanding coverage options requires careful consideration of individual healthcare needs and preferences. As a result, many individuals seek guidance from Medicare advisors, like ourselves, to make informed decisions and maximize their Medicare benefits effectively.
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