Medicare
Medigap Plans
Medicare Supplements, also known as Medigap plans, are insurance policies offered by insurance companies to help cover the remaining 20% of medical costs that Original Medicare (Part A and Part B) doesn't pay for. These plans can provide peace of mind by filling in the gaps in coverage and reducing out-of-pocket expenses for healthcare services and providing nationwide coverage.
Medicare Advantage Plans
Medicare Advantage plans also known as Part C are an alternative to Original Medicare and are offered by insurance companies approved by Medicare. These plans typically include all the benefits of Original Medicare and often offer additional services like vision, dental, and prescription drug coverage. Medicare Advantage plans can provide more comprehensive coverage and may have lower out-of-pocket costs than Original Medicare.
Prescription Drug Plans
Medicare Prescription Drug Plans, also known as Part D plans, help beneficiaries pay for prescription medications. These plans are offered by private insurance companies and can be purchased as standalone plans for those with Original Medicare or included in some Medicare Advantage plans. Medicare Prescription Drug Plans vary in cost and coverage, so it's important to compare plans to find one that meets your medication needs at an affordable price. These plans can provide significant savings on prescription drug costs and ensure access to necessary medications.