Medicare Plan Overview
Medicare covers many of your health care needs.
Today's Medicare is working with private companies
approved by Medicare that provide different ways to get
your health care and prescription drug coverage in the
Medicare Program. The Medicare plan that you choose
affects many things like cost, benefits, doctor choice,
convenience, and quality.
Your Medicare plan choices include:
The Original Medicare Plan - This is a
fee-for-service plan that covers many health care
services and certain drugs. You can go to any doctor or
hospital that accepts Medicare. When you get your health
care, you use your red, white, and blue Medicare card.
The Original Medicare Plan pays for many health care
services and supplies, but it doesn't pay all of your
health care costs. There are costs that you must pay,
like coinsurance, co-payments, and deductibles. These
costs are called "gaps" in Medicare coverage. You might
want to consider buying a Medigap policy or
Medicare Supplement policy
to cover the gaps in Medicare coverage.
Medigap Policies are health insurance plans
sold by private insurance companies to fill the "gaps"
in Original Medicare Plan coverage. Medigap policies
help pay some of the health care costs that the Original
Medicare Plan doesn't cover. If you are in the Original
Medicare Plan and have a Medigap policy, then Medicare
and your Medigap policy will pay both their shares of
covered health care costs. You can also add prescription
drug coverage by joining a Medicare Prescription Drug
Medicare Advantage Plans - Available in many
areas, (formally known as Medicare Part C); these plans
may cover more services and may have lower out-of-pocket
costs than the Original Medicare Plan. Some plans cover
prescription drugs. In some plans, like HMOs, you may
only be able to see certain doctors or go to certain
hospitals to get covered services.
These plans include:
- Health Maintenance Organizations (HMO)
- Preferred Provider Organizations (PPO)
- Private Fee-for-Service Plans
- Medicare Special Needs Plans
- Medicare Medical Savings Account Plans (MSA)
These plans may cover more services and may have
lower out-of-pocket costs than the Original Medicare
Plan. Some plans cover prescription drugs. In some
plans, like HMOs, you may only be able to see certain
doctors or go to certain hospitals to get covered
services. Click here for a quote and information on
Medicare Advantage Plans in your county.
Medicare Part D Plans - These stand-alone
plans add pharmacy coverage to the Original Medicare
Plan, some Medicare Cost Plans, some Medicare Private
Fee-for-Service Plans and Medicare Medical Savings