Medicare Part B is medical coverage for people with Original Medicare benefits. It covers doctor visits, preventative care, tests, durable medical equipment, and supplies. Medicare Part B pays 80 percent of most medically necessary healthcare services.[Read more...]

The Medicare Part B premium is the monthly charge paid by beneficiaries for their outpatient medical care, services, and supplies. A beneficiary's premium may be uplifted by an IRMAA surcharge if their income is above a certain level.[Read more...]

Medicare Part C is Medicare's private health plan option. Also known as Medicare Advantage, Medicare Part C plans are a type of Medicare health plan offered by companies that contract with Medicare to provide all Part A and Part B benefits for their members. [Read more...]

Medicare Part D plans are an option Medicare beneficiaries can use to get prescription drug coverage. Part D plans provide cost-sharing on covered medications in four different phases: deductible, initial coverage, coverage gap, and catastrophic. Each phase has a different level of cost-sharing.[Read more...]

Medicare penalties occur when enrolling in Medicare plans after the Initial Enrollment Period has passed. These increased costs can be avoided by enrolling in Medicare within that Initial Enrollment Period.[Read more...]

Medicare SELECT is a type of Medigap policy (Medicare supplement plan) that requires its members to get their primary care from a contracted provider.[Read more...]

A Special Needs Plan (SNP) is a type of Medicare Advantage plan that's available to beneficiaries with specific financial, health, or institutional needs.  SNPs are regional, not available in all areas, and open to qualifying beneficiaries only.[Read more...]

Medicare Supplement Plan A is often confused with Medicare Part A, which is the Medicare coverage that pays for your inpatient hospital care. Medicare Supplement Plan A, which is also known as Medigap Plan A, helps pay the most costly out-of-pocket costs from Medicare Part A and Part B.[Read more...]

Medigap Plan B, sometimes called Medicare Plan B, is one of 10 standardized Medicare supplements. Each lettered plan (A, B, C, D, F, G, K, L, M, and N) offers a different level of coverage because they cover different out-of-pocket costs.[Read more...]

Medicare Supplement Plan C, also called Medigap Plan C, is one of the most comprehensive of the 10 standardized supplemental Medicare plans available in most states. In fact, only Medicare Plan F offers more coverage.[Read more...]

Medicare Supplement Plan D is one of the ten standardized Medigap plans, which is also known as Medicare Plan D or Medigap Plan D. It is often confused with Medicare Part D, which is your prescription drug coverage.[Read more...]

Medicare Supplement Plan F is the most comprehensive Medicare supplement plan available. This plan covers all Original Medicare deductibles, coinsurance, and copayments, leaving you with no out-of-pocket costs on all Medicare-approved services.[Read more...]

If you're turning age 65 this year, Medicare Supplement Plan G is the most comprehensive Medicare supplement you can buy. It's also the most popular. You might be thinking that Medicare Supplement Plan F is the best, but that's only true if you turned age 65 before the year 2020.[Read more...]

Medicare Supplement Plan K is one of two unique Medicare supplements with shared-cost coverage and an annual out-of-pocket limit.  This is a plan that works for people looking for help with certain Original Medicare costs but needs a lower monthly premium for affordability. [Read more...]

Medigap Plan L offers less coverage than most Medicare supplements, but it's one of two plans that have shared costs and features an annual cap on your out-of-pocket spending. In this way, it's similar to the financial benefit of Medicare Advantage plans.[Read more...]