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...] about Medicare Part B

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...] about Medicare Part B Premium

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...] about Medicare Part C

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...] about Medicare Part D

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...] about Medicare Penalties

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...] about Medicare SELECT

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...] about Medicare SNP

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...] about Medicare Supplement Plan A

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...] about Medicare Supplement Plan B

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...] about Medicare Supplement Plan C