Medicare Supplements and Medicare Advantage Plans Are Not the Same Thing

Transitioning to Medicare can be a time for seniors that are used to individual insurance. General the differences are very little. To acquire a true comprehension of all things Medicare you'll need to comprehend the various areas.

Areas of Medicare

There are three Parts to traditional Medicare; Part A, Part B and Part D (Part D is just a different plan that will not fall under traditional Medicare and is known as Medicare Advantage). Medicare Part A deals only with insurance for when you need a hospital. When you are accepted into the hospital with a physician then Medicare Part A starts to grab the bill. For most people there is no regular demand for Medicare Part A. Part A has a deductible of $1,156 and coinsurance for some companies like nursing care.

Medicare Part B deals only with outpatient care and Doctor appointments. Therefore if you're planning for a well individual appointment or if a minor procedure is needed by you like therapy for a ankle Part B may help with picking right up the bill. Unlike Medicare Part A Medicare Part B has a monthly premium. That premium improvements from year to year but happens to be $99.90. There's also a deductible of $140 and constant coinsurance of 20% of the charges.

Medicare Part D was developed to greatly help people who have the expense of prescription medications. Each plan is quite different because you'll have to get a Part D plan that matches up with the prescription medications that you are taking. Since the plans vary therefore much the premiums also vary greatly from plan to plan. I could tell you the cheapest plan I've seen is $15 per month but it is a foundation plan, therefore if you have a higher priced treatment it may not be the plan for you, see This Webpage.

You just have to break it on to the different elements as you can easily see Medicare is not very complicated.