Understanding The Differences Between Medicare Parts A, B, C & D
Learn About Medicare Parts & Their Coverage
Medicare provides important healthcare coverage for people ages 65 and older, as well as some people who have become disabled or ill. Medicare is a federally funded and regulated program, though individuals still have to pay a premium for it, as well as co-insurance for services.
In the past, Medicare was just Medicare. Now, it has been divided into several parts, some of which are offered through the government and some of which are offered by private insurance companies. Phoenix medicare insurance agents can help you understand the different parts, as well as your options for coverage through each.
General Overview Of Medicare Parts
There are four parts for Medicare coverage. They are:
- Part A – covers costs associated with a hospital or in-patient stay
- Part B – covers the cost of seeing a doctor for outpatient care, such as annual physicals
- Part C – provides alternate benefits not covered by federal Medicare (Parts A and B)
- Part D – pays for prescription medications
Medicare Part A and Part B are provided by the federal government, while Part C, also known as a Medicare Advantage Plan, is provided by private insurance companies. Medicare insurance agents can help you find and compare these alternative plans.
Medicare Part A and Part B are what are known as traditional Medicare, or original Medicare. Under the program, the federal government pays doctors directly for their services. You do not have to get prior approval to see a doctor, and you can see any provider that accepts Medicare (which includes most doctors).
Under these traditional Arrowhead Medicare plans, the government pays for many costs, but you do still have to pay a premium. You must pay a monthly premium for Part B, and in some cases, you may also have to pay a premium for Part A. You will also have to pay coinsurance whenever you see a doctor. Medicare limits what doctors can charge you for services, so that will also limit what you have to pay out of pocket.
Medicare Advantage Plans
You are not limited to original Medicare coverage. If you know that you will need more benefits than what these plans provide, you can shop for a Medicare Advantage Plan through a private insurance company. Medicare Advantage Plans must provide all the coverage that you get under original Medicare, and you will still have to pay any premiums that you are required to pay for Part A or Part B. Essentially, you still have Medicare, but you have it under a private provider.
Medicare Advantage plans have different rules and costs for care, and they can help you get more care and fewer overall costs. You may still need to pay for Medicare Part D coverage separately for prescription medications, or you may be able to find an Advantage plan that includes the coverage. Make sure you understand all that your Advantage plan offers, as well as any potential restrictions and costs.
Search your area for Medicare insurance brokers, and explore your options for Medicare coverage, including Medicare Advantage Plans. Numerous plans are available through different private insurance providers, and they offer a range of coverage options at different prices. By comparing numerous plans, you can ensure that you are getting the very best coverage to meet your health care needs and that you are paying the best price. Medicare insurance brokers can help you find the best options in your area, and they can help you understand the finer details of the plan to ensure you are making the best choice for you.
Contact a Trusted Medicare Insurance Broker In Phoenix
The Arizona Medicare insurance agents at Phoenix Health and Life Insurance are ready to help you find the right Medicare coverage to meet all your healthcare needs. We can help you compare a number of great plans to find the perfect coverage at a price that fits your budget. We’ll also help you understand all the rules and restrictions for these plans so that you can make an informed choice. We offer other health insurance plans, life insurance, health share plans, and more, as well. We’re ready to help you find the coverage you need. Contact us in Arizona today to talk with one of our Medicare insurance brokers.