![]() ![]() ![]() Your monthly premiums may increase every year. With a Medicare Supplement, you have the freedom to choose whichever hospital, doctor, or medical provider you want as long as they accept Medicare. Then your Medicare supplement will pay its share. Medicare pays its share of the Medicare-approved amount for Medicare-covered healthcare costs. Medicare Supplement Plans A, B, C, D, F, G, K, L, M, and N work directly with “Original Medicare”. Here is how Medicare Supplements and Medicare Advantage Plans are different: If you don’t enroll in prescription drug coverage at the right time, you may be subject to a Part D Late Enrollment Penalty. Medicare Part D is a Medicare prescription drug coverage that is administered by private insurance companies. There are different types of Medicare Advantage Plans including HMO, PPO, PFFS (Private Fee for Service), and SNP (Special Needs Plans). Medicare Part C, also known as a Medicare Advantage Plan, is not a Medicare Supplement. ![]() A Medicare Supplement will help pick up out-of-pocket costs. Medicare Part B is your Medical Insurance which will cover doctor services, outpatient care, and surgery, durable medical equipment as well as preventative services. A Medicare Supplement helps pick up the out-of-pocket costs. Medicare Part A is your Hospital Insurance and it covers inpatient hospital stays, skilled nursing stays, home health, and hospice. Original Medicare has four different parts A, B, C, & D. Policies that help those on Medicare pick up out-of-pocket costs. Plans such as Plan F, G, and N are Medicare Supplements also known as Medigap. The different parts such as A, B, C, and D are the different parts of Medicare. ![]()
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