If You Have Original Medicare Do You Need Anything Else?

Have you just recently enrolled in Medicare or are you just sitting there staring at your package feeling completely overwhelmed? Well, now is the time to learn about the different parts of the coverage, so that you can understand the benefits that are offered by each individual plan. It will also help you decide if you need additional coverage.

 

Original Medicare

 

When you signup for Original Medicare it means that you have the Part A and Part B coverage of the insurance. These two parts of the insurance will cover your hospital expenses and other medical related expenses. The only downside to Original Medicare is that it does not include Part D, which offers additional coverage for prescription drugs. If you are required to take a certain prescription medication daily, you are without a doubt going to want to include Part D in your coverage.

Medicare Supplement Plan

 

Not only can you opt to add Part D to your coverage, but also there are other policies available when you first enroll in Medicare. Another type of plan available to you is the Medicare Supplement Plan. This type of coverage offers additional benefits that you might need. You can only get this coverage if you already have Original Medicare, but it can help you pay for out-of-pocket costs that are associated with Part A, Part B and Part D. It is important to note that these Supplement Insurance Plans are regulated by state and federal law, so the basic benefits and plans are going to vary from state to state. Click for more info and to locate an independent agent that can help you choose your best coverage.

 

Medicare Advantage Plans

 

Another type of coverage that is available to you is the Medicare Advantage Plan. This plan is also known as Part C and it is usually available through private insurance companies. It is basically nothing more than a combination of Part A, Part B and Part D. With this plan you get the advantage of Medicare health and drug benefits in a single plan.

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