Medicare Advantage plans can take the place of Medicare Part A, Part B and Part D. What are Medicare Advantage Plans? Medicare Advantage (MA) plans are a kind of Medicare health plan offered by a private company in contract with the federal Medicare program. Also known as ‘Part C,’ the MA plan provides you with...
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Understanding Medigap: The Supplemental Insurance
Medigap insurance is sold by private firms and helps individuals pay for any costs that their Medicare does not cover, such as deductibles and copayments. This type of supplemental insurance is only available to those people who already have both Parts A and B of Original Medicare. If you settled for a Medicare Advantage health...
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Original Medicare vs Medicare Advantage Part 2
In a previous article on Medicare vs. Medicare Advantage, we discussed some of the differences between original Medicare and private Medicare Advantage insurance plans. In this issue, we’ll discuss the cost differences between these plans. To figure your total costs under original Medicare, add up the following: Part A premiums. Free for most people who...
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Original Medicare vs. Medicare Advantage
If you want to change your Medicare coverage for next year, you must do it during the open enrollment period. To change your Medicare coverage to a Medicare Advantage (MA) plan, or to switch between MA plans, you must act between October 15 and December 7. Your new coverage will begin in 2015. If you’re...
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