Understanding Different Medicare Plans For Health Insurance Coverage

When reaching retirement age, it is necessary to know things about Medicare to secure your future. For now, You may be the thing that the Original US Medicare Advantage program is enough for your future medical coverage, but are you within the limits of Original Medicare coverage through your current health coverage program offered by the federal government covers your medical and hospital bills but not all of them. To fill out those voids left by the original plan, you need Medicare plans by your side.

1.  Part A of Medicare is the hospital insurance that covers inpatient care of hospitals. Under Medicare, you do not need to pay any monthly premium for Part A. For the first 60 days you 're in the hospital, you get coverage in this Medicare plan for all the hospital services. However, there are some exceptions, like you won’t get any payment for a private room.

2. Part B is a medical policy covering services offered by hospitals, home health care, and outpatient treatment at the hospital. It covers 80 percent of authorized Medicare spending on medical services. The government has also set an annual deductible of $185 for the plan. Along with this, you also need to pay 20 percent bills, including all doctor visits and other outpatient services.

What is a Medicare Advantage Plan?

A Medicare Benefit Program, also known as Part C Program, is a health plan offered by many private insurance organizations offering coverage for Medicare Part A (inpatient hospital stays, skilled nursing stays, nurses visits, hospice care, and home health care visits) combined with Part B coverage (outpatient services, preventive care, doctor visits, and some home health visits). When you go for the Medicare Advantage plan, it replaces your Original Medicare offered by the government that administers Parts A and B and also includes Part D prescription drug coverage. In order to enroll in a US Medicare Advantage plan, you must have both Part A and Part B.

If you want to know more about Medicare plans, you can get in touch with a professional.