Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home healthcare.
Part B covers certain doctors’ services, outpatient care, medical supplies, and preventive services.
A Medicare Advantage Plan, also called “Part C” or “MA or MAPD Plan”, is offered by private companies and is approved by Medicare.
Helps cover the cost of prescription drugs including many recommended shots and vaccines.
Don’t be confused, Medigap and Medicare Supplemental insurance plans are the same thing.
All Medigap policies are standardized. This means they offer the same basic benefits no matter where you live or which insurance company you buy the policy from. There are 10 different types of Medigap plans offered in most states, which are named by letters: A-D, F, G, and K-N. The price is the only difference between these plans with the same letter that are sold by different insurance companies. It is important to point out that in Massachusetts and a couple of other states the Medigap plans are standardized in a different way than in most states.
If you have not shopped your Medigap plan to compare rates for a while you may find out by doing so that there can be premium savings available to you with another carrier. It is important to point out that the coverage is exactly the same from one carrier to another for the same plan choice; however, there can be a difference in eligibility to move from one carrier to another.