In general, Medicare Part D prescription drug plans cover many drugs that are: Available only by prescription Used for a medically accepted condition Approved by the FDA Sold and used in the United States Not covered under Original Medicare, Part A or Part B Also, Medicare Part D prescription drug plans are [...]
The Medicare coverage gap is the phase of your Medicare Part D benefit when there is a gap in prescription drug coverage. You might not reach this stage at all; it starts if you and your plan spend a certain amount of money within a year, as described below. During this phase, you may have to [...]
Medicare Advantage plans are sometimes referred to as Medicare Part C. They are Medicare-approved private health insurance plans for individuals enrolled in Original Medicare, Part A and Part B. When you join a Medicare Advantage plan, you are still in the Medicare program and must continue paying your Part B premium. Medicare Advantage plans provide all [...]
People might have a difficult time deciding whether to enroll in a Medicare Advantage plan (Medicare Part C) or a Medicare Supplement plan (also known as Medigap). With a Medicare Advantage plan, the beneficiary receives all of their services through the plan rather than from the federal Medicare program. These plans must provide at least the [...]
Some Medicare policies, such as Medigap plans, are sold privately to give you a range of choices for your health coverage needs. Original Medicare, the health coverage you can get when you turn 65 or have a qualifying disability, consists of Medicare Part A and Part B. Part A provides hospital insurance, and Part B (medical [...]
A Medigap policy is supplemental medical insurance that covers some of the costs of Original Medicare, Part A and Part B. There are currently 10 standardized Medigap plans and one high-deductible plan available in most states. Each plan is named with a letter: Plan A, B, C, D, F, G, K, L, M, N, and a [...]
Recent Comments