What is Medicare?
Medicare is the United States’ federal health insurance program for people who are 65 or older. It is also available for certain people younger than 65 with disabilities or people with End-Stage Renal Disease. There are several parts to Medicare that contain different coverage.
What Are Parts of Medicare?
There are the four parts of Medicare:
- Part A includes inpatient hospital coverage
- Part B includes outpatient medical coverage
- Part C includes an alternative benefit to Original Medicare offering extra benefits
- Part D includes prescription drug coverage
What are Medicare Supplements?
List of Services
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Medicare Supplement Plans (Medigap) ExplainedList Item 1
Medicare Supplement plans, also called Medigap, are designed to work with Original Medicare Parts A and B. Medigap policies help pay for some health care costs not covered by Original Medicare, such as deductibles, coinsurance and foreign travel emergency.
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These plans are offered by private insurance companies and are available to people with Medicare Part A and B.
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People with Original Medicare and a Medicare supplement can choose any stand-alone Part D prescription plans to pay for their drugs.
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People who are enrolled in Medicare Advantage plans (Part C) are not eligible for a Medicare Supplement insurance policy.