There are four main types of Medicare insurance plans: Original Medicare, Medicare Advantage, Medicare Part D, and Medicaid. Each type of plan has different benefits and coverage levels.
Original Medicare is the traditional fee-for-service program that covers hospitalization, medical care, and some preventive services. beneficiaries can also purchase a separate supplemental policy to help cover out-of-pocket costs not covered by Original Medicare.
The best Medicare Advantage plans are offered by private insurance companies and must provide at least the same level of coverage as Original Medicare. Some plans may offer additional benefits such as dental, vision, or prescription drug coverage.
Medicare Part D is the prescription drug benefit program. Prescription drug plans are offered by private insurance companies and must be approved by Medicare. Plans vary in terms of which drugs are covered and how much you will pay out of pocket for your prescriptions.
Medicaid is a government health insurance program for low-income individuals and families. Medicaid benefits vary from state to state but may include hospitalization, doctor visits, prescription drugs, vision care, and long-term care.
We hope this article has given you some insight into how to go about finding the perfect plan, from researching providers in your area, to considering supplemental plans, and comparing costs. Taking these steps will help ensure that your health needs are always taken care of by an affordable premium plan that fits your budget.