Read More: Medicare Secondary Payer
Medicare insurance coverage choices: You have Medicare insurance coverage options when it comes to how you get your Medicare insurance coverage. The 2 main ways are Original Medicare insurance or Medicare Advantage.
When you are choosing which coverage is right for you, consider:
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Cost
- Original Medicare insurance: You pay a monthly Part B insurance premium, and any copayments, coinsurances, and deductibles. There’s no limit to how much you can pay out of your pocket, but you are able to purchase a Medicare Supplement (Medigap) insurance policy to help.
- Medicare Advantage: You pay the monthly Part B premium plus the plan’s premium (if they have one). You also pay any copayments, coinsurances, and deductibles, but once you reach the plan’s yearly maximum, you’ll pay nothing for health insurance services for the rest of the year.
Coverage
- Original Medicare Insurance: Covers services and supplies in hospitals, doctors’ offices, and other health care settings under Part A (Hospital Insurance) or Part B (Medical Insurance). You can add drug insurance coverage by joining a Medicare drug insurance plan.
- Medicare Advantage Insurance Plans: Must cover all services and supplies that Original Medicare insurance covers and most include drug insurance coverage. They may also have extra benefits like dental or vision.
Doctor and hospital choice
- Original Medicare Insurance: You can go to any hospital and see any doctor that accepts Medicare insurance.
- Medicare Advantage Insurance: You might need to see doctors and use hospitals in that insurance plan’s network.
