Understanding Medicare

Original Medicare is the federal health insurance program available to individuals 65 and older, as well as certain younger individuals with disabilities or qualifying conditions. 

It includes Part A, which covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health services, and Part B, which covers outpatient care, doctor visits, preventive services, and medical supplies. 

While it offers essential coverage, Original Medicare does not include prescription drug coverage or limit out-of-pocket costs, which is why many individuals pair it with additional coverage options like Medicare Supplement plans or Part D prescription drug plans.

Medicare Advantage plans (Part C) are an all-in-one alternative to Original Medicare, offering comprehensive coverage that often includes additional benefits like dental, vision, hearing, and prescription drug coverage. These plans are offered by private insurers and provide a more tailored approach to meeting your healthcare needs.

Medicare Supplement plans, also known as Medigap, are designed to work alongside Original Medicare by covering out-of-pocket costs such as deductibles, copayments, and coinsurance. These plans offer added financial security and flexibility, ensuring you can focus on your health without worrying about unexpected medical expenses.

Medicare Prescription Drug Plans (Part D) help cover the cost of prescription medications, ensuring you have access to the treatments you need at an affordable price. These standalone plans can be added to Original Medicare or certain Medicare Supplement plans, providing vital coverage for managing both routine and long-term medication needs.