Medicare Glossary

Medicare Supplements (Medigap)

Medicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare...

Medicare Advantage

Medicare Advantage (MA), also known as Medicare Part C, are health plans from private insurance companies that are available to people eligible for Original Medicare (Medicare Part...

Original Medicare

Original Medicare refers to traditional Medicare health insurance coverage, which includes Medicare Part A (hospital coverage) and Medicare Part B...

Federal Medicare Program

Medicare is a federal health insurance program for people ages 65 and older and people with certain disabilities. The Medicare...

Centers for Medicare & Medicaid Services (CMS)

What are the Centers for Medicare & Medicaid Services? The Centers for Medicare & Medicaid Services (CMS) is the U.S....

Copayment

What is a Medicare Copayment? A copayment, also known as a copay, is a set dollar amount you are required...

Coinsurance

What is Coinsurance in Medicare? Coinsurance is a percentage of the total you must pay for a medical service. In...

Advance Beneficiary Notice (ABN)

What is a Medicare Advance Beneficiary Notice? An Advance Beneficiary Notice (ABN), a waiver of liability, is a notice that...

Advance Directive

What is an Advance Directive? An advance directive is a legal document that details how a person wants their medical...

Premium

What is a Medicare Premium? A premium is an amount that an insurance policyholder must pay for coverage. Premiums are...