Understanding your Medicare plan options

Original Medicare, Medicare Advantage, Part D and Medigap

  • September 18, 2018

The way Medicare plans are alphabetized – from “A” to “D” – one might be fooled into thinking that there are but a few options to consider. Unfortunately, deciding which Medicare coverage is right for you is definitely not as easy as a multiple-choice question with a single right answer.

Medicare was designed with the idea that the vast majority of Americans would eventually receive a uniform level of coverage and care once they became eligible. And recipients do receive a basic level of care, but that basic level is riddled with coverage gaps.

To figure out how you can fill those gaps, you’ll need to have a basic understanding of the following plans:

In 2016, an estimated 11.7 million Medicare beneficiaries – about 20 percent of all enrollees – were also enrolled in Medicaid and are known as dual-eligible beneficiaries or dual-eligibles. And while you might not hear that term often – or at all – it's worth your time to understand what it means to have both Medicare and Medicaid (especially if you or a loved one is part of the "Medicare-Medicaid" population).

How Medicaid supports 1 in 5 Medicare…

May 1, 2018 – In 2016, an estimated 11.7 million Medicare beneficiaries – about 20 percent of all enrollees – were also enrolled in Medicaid and are… Read more

How to choose between Medicare Advantage, Medigap and Part D

How to choose between Medicare…

February 10, 2019 – There’s no right or wrong choice – Medicare Advantage and Original Medicare plus supplemental coverage both work well. But there are… Read more

Original Medicare

August 20, 2018 – Also called traditional Medicare, it is the fee-for-service program in which the government pays your health care costs. The coverage… Read more

Medicare Part A – hospital insurance

October 17, 2018 – Medicare Part A coverage, commonly known as "hospital insurance," pays for a broad range of inpatient care in hospitals, skilled nursing… Read more

Medicare Part B – outpatient coverage

October 13, 2018 – Medicare Part B picks up - to a large extent - where Medicare Part A leaves off, covering many of the outpatient services and products not… Read more

Medicare Advantage (Part C) private…

September 18, 2018 – Medicare offers enrollees the option of going above and beyond their Original Medicare coverage by enrolling in Medicare… Read more

Medicare Part D – prescription drug…

September 17, 2018 – About 42 million Americans have prescription drug benefits under Medicare Part D coverage, either through a prescription drug plan (PDP) or… Read more

Medigap – Medicare supplement…

September 16, 2018 – Millions of Medicare beneficiaries purchase Medicare supplement insurance to get help with Medicare expenses, including copayments,… Read more