Insurance Plans of America Blog |
Private companies sell Medigap to fill Medicare's "gaps." Original Medicare covers most but not all medical services and supplies. A Medicare Supplement Insurance (Medigap) coverage can assist pay for charges Medicare doesn't. A Guide to Medicare's Interaction With Other Insurance
Each type of health insurance (Medicare, a group plan, retiree coverage, Medicaid) is a "payer." "Coordination of benefits" rules determine who pays first when there are multiple payers. The "primary payer" pays your bills first, then sends the rest to the "secondary payer" Third payers are rare. What does it mean to pay primary/secondary?
Medicare comprises two sections. Part A covers hospitals and Part B covers additional medical costs. Medicare accepts any doctor or hospital. Medicare supplement insurance only works with original Medicare. Part-A Medicare (hospital insurance) This insurance includes:
Part-B Medicare (medical coverage) Physician visits may be covered:
Exams, health screenings, and vaccinations are examples of preventive health care. Part-D Medicare (prescription drug coverage) Can cover brand-name and generic medications. Join a stand-alone drug plan or a Medicare Advantage drug plan. Group insurance may cover medicines. Ask your plan's sponsor for Part D-like drug coverage. Conclusion Low administrative costs and large provider networks are Medicare's strengths. Improving traditional Medicare could stabilize the insurance market for individuals and small-employer groups not eligible for Medicare. At Insurance Plans of America, we aim to provide comprehensive insurance policies that make your life easier. You can get more information about our products and services by calling our agency at (877) 752-6711. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!
0 Comments
Leave a Reply. |
Author(877) 752-6711 Archives
December 2022
Categories
All
|