Medicare is health insurance for people age sixty five year and older and people under age 65 with certain disabilities, it is also for people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a kidney transplant).
Medicare Advantage Plan
What is a Medicare Advantage plan?
Medicare Advantage Plans, are sometimes referred to as “Part C” or “MA Plans,” are offered by private companies which are approved by Medicare to provide you with all your Part A and Part B benefits
If you decide to get a Medicare Advantage Plan you will still had Medicare.
So if you decide to enroll in a Medicare Advantage Plan, Medicare services are covered through the plan and aren’t paid for under Original Medicare. It’s paid through which ever company you chose such as BlueCross BlueShield. You can find Medicare Advantage Plans that also offer prescription drug coverage. There are different plans so speak with and agent to help you understand the different plans.
Medicare Supplement Insurance (Medigap)
What is Medicare Supplement Insurance (Medigap)?
First you must be enrolled in Medicare Part A and Part B to purchase Medicare Supplement Insurance (also known as Medigap). Original Medicare covers about 80% of your healthcare cost, so there is 20% of your costs that is not covered and there is no cap as to how much you will pay. Medicare Supplement, or Medigap, is sold by private insurance companies to fill some or all that gaps that Original Medicare does not coverage. Medicare Supplement policies pay some or all your share of coinsurance, co-payments and or deductibles) of the costs. Speak with an agent to understand the different.