When you're ready to start shopping for a Medicare insurance provider, it's important to know what you're looking for and what your options are.
There are a few different types of healthcare gap plans, and each one has its own set of benefits and drawbacks. Here's a quick rundown of the most popular types of Medicare plans:
-Original Medicare: Original Medicare is the government-run health insurance program for seniors and other eligible adults. It includes Part A (hospital coverage) and Part B (outpatient care and doctor visits).
You can add on a Part D prescription drug plan or a supplemental insurance policy to help cover costs not covered by Original Medicare.
-Medicare Advantage: Medicare Advantage plans are offered by private insurance companies and must provide at least the same level of coverage as Original Medicare.
Many Advantage plans also offer extra benefits, like dental, vision, and prescription drug coverage.
-Medicare Supplement: Also known as Medigap, these policies help cover some of the costs not covered by Original Medicare, like copayments, deductibles, and coinsurance.
Once you know what type of plan you're looking for, you can start comparing different providers to find the best fit for your needs. When comparing plans, be sure to look at things like monthly premiums, deductibles, out-of-pocket costs, provider networks, and prescription drug coverage.