Types of Medicare Plans
Original MedicareMedicare Part A and Part B make up what is known as Original Medicare. This government-run program covers many, but not all, health care services for people 65 and older.
Medicare Supplement PlansAlso known as Medigap, these insurance policies help cover out-of-pocket expenses not covered by Original Medicare such as deductibles and coinsurance.
Medicare AdvantageThese private insurance plans act as an alternative to Original Medicare. They must offer the same coverage as Parts A and B, but many include additional coverage such as dental and vision.
Part D PlansMedicare Part D prescription drug coverage is provided through private insurers. Monthly premiums and drug costs depend on the plan you choose.
Why Is Medicare So Confusing?
Medicare is a large federal program with a lot of moving parts. Some plans are provided by private insurers, and there are countless combinations of plans to choose from. A licensed insurance advisor can help you navigate your options.