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The Basics of Medicare

Medicare is the health insurance intended for those individuals who are 65 years and older. It can also be enjoyed by those individuals who are under 65 years old and suffering from disabilities and individuals who have end-stage renal disease.

The United States has been facing the growing problems of health care over the past few years. A lot of individuals- especially the seniors can't afford to pay for their health insurance and medical bills. Sometimes this can be a hard decision for them; choosing between their finances and staying in good health. The Medicare program is created in order help those people who are deemed eligible in coping with their health care bills.

Medicare Choices and Plans

Medicare has two basic categories; these are the Original Medicare Plan and the Medicare Advantage Plan. Any person who is eligible for Medicare can automatically join the Original Medicare Plan which consists of Part A, but also having the option to include Part B and D. You may also have the option to participate in the Medicare Advantage Plan (Part C).

The Original Medicare Plan is being managed by the federal government; however, the Medicare Advantage Plan is managed by private insurance companies.

  • Part A covers hospital insurance.
  • Part B covers medical services and supplies.
  • Part C actually combines Part A and Part B but the main difference is that this is provided by private health insurance companies.
  • Part D is the plan that will provide your prescription drug coverage.

Medicare Supplemental Insurance Plans have several other names which include Med Supp, Medigap and Medicare Supplement. Medicare Supplement insurance pays the out of pocket expenses such as deductibles and co-payments.

Medicare Advantage insurance can be purchased from private insurance companies which are subsidized by the government. You cannot purchase Medicare Advantage insurance if you are not enrolled in Medicare Part A and Part B.

Searching for high quality NY Medicare Supplement plans and Medicare Advantage plans can be confusing, especially if you want a plan that does not exceed your budget. At MedicareIsSimple.com, we have the expertise and experience to help you in choosing the best Medicare plan that fits your requirements.