Medicare Made Easy Pt 1
Many people who apply for Original Medicare policy (Part A and B) are new to their Medicare insurance options. This includes people who are 65 years or older and those below 65 years who qualify for certain illnesses or disabilities. However, changing your Medicare policy after years of using the insurance can be difficult. Here is a brief overview of the various Medicare policy options available to beneficiaries, as well as information on how to request and answer the most frequently asked questions:
Options for Medicare insurance:
The two main types of Medicare insurance are Original Medicare, Part A and B, and Medicare Advantage policies, also called Medicare Part C plan.
This insurance option includes coverage for Part A and B. Medicare Part A is hospital insurance that includes hospital care for inpatients, home care, home care for the elderly, and hospice care. Medicare Part B is physician / medical insurance that insure outpatient and routine services, such as blood tests and other laboratory tests, surgeries, and doctor visits. Medicare Part B also includes durable medical equipment and medically necessary consumables (such as strollers or artificial limbs). Also, it includes some preventive services (e.g. flu shots), psycho social services and ambulance insurance. Some medications may be insured when they are administered in a doctor’s office.
People with Original Medicare insurance can also buy supplemental Medicare (or Medigap) insurance. Medigap, as the name implies, provides insurance costs that are not insured by Original Medicare. Medicare / Medigap supplemental insurance policies are sold by private insurance companies or companies. The cost of Medigap insurance may vary depending on the insurer. Therefore, it is important to compare Medigap options before opting for insurance.
Medicare Advantage Policies
Medicare Advantage Policies, also known as Medicare Part C, are health insurance policies offered by private insurance companies and approved by Medicare. Medicare Advantage policies are required by law to provide at least the same insurance benefits as Original Medicare, but may include additional benefits that are not insured by Medicare, such as:
Types of Medicare Advantage policies include:
The Health Maintenance Organization (HMO) policies services provided by hospitals and health care providers, also known as the policy’s network for providers. Get information at www.medisupps.com/medicare-supplement-plans-2019/ for medicare supplement plans and avoid high medical bills.
Preferred Provider Organization policies offer you the services of connected doctors, hospitals, and clinics at a lower price.
The private rate for service policies establishes specific amounts from which you must pay the amount of different types of doctors, visits to hospitals and other health professionals. For each service you receive, make sure your hospitals, doctors, and other providers agree to treat you according to the policy and accept the policy’s terms of payment. Special Needs Policies are aimed at people who have certain diseases or complaints, people who live in certain facilities and others who are enrolled in Medicaid and Medicare. These policies are intended to provide the greatest possible insurance. Keep in mind that the network of Medicare Advantage providers may change at any time. If you are a member of a Medicare Advantage policy, you will be notified if necessary.