Medicare is a health insurance plan that caters to people above the age of 65. Medicare also provides insurance for people under 65 who have some disabilities, including end-stage renal disease. One can choose from two Medicare insurances — Original Medicare and Medicare Advantage.

Original Medicare supplemental insurance
The government directly pays your providers the claim amount for Medicare under this fee-for-service coverage. It is further dived into Part A and Part B.

Part A covers inpatient care in hospitals, inpatient care at skilled nursing facilities, hospital care services, and home health care services. If you paid for Medicare while working, then you don’t have to pay a monthly fee for the Part A coverage of Medicare. Part B helps cover some medically necessary services like doctors’ services, outpatient care, home health care services, and medical services. You need to pay a monthly premium to get Part B coverage.

Medicare Advantage
Also referred to as Medicare Part C or MA Plans, private companies approved by Medicare offer these insurance covers. Medicare Advantage takes care of your entire Part A and Part B Original supplemental insurance. All Medicare Advantage plans work in different ways, and some plans require referrals to consult a specialist. Moreover, the out-of-pocket costs may also vary. The various Medicare Advantage plans include:

• Health maintenance organization plans (HMO)
• Preferred Provider Organization plans (PPO)
• Private fee-for-service plans (PFFS)
• Medical savings accounts plans (MSA)
•  Special needs plans (SNP)

Optional Prescription Drug Coverage
Also known as Medicare Part D, this is a prescription drug option run by private companies approved by and under contract with Medicare to help cover the price of prescription drugs. One can opt for these plans to protect themselves against higher costs in the future.

Thus, Medicare supplement insurance plans work out for the best, and you can rest easy as you know that your health is in safe hands.