In 1965, Medicare, health insurance, became available for American citizens. Since then, Medicare has continuously evolved to fit the required health coverage for the insurer. Each coverage has its unique policies, prices, and usage. Today, two of the most common ways to get your Medicare plans are the original and the Medicare Advantage. This article will explain how these two plans work and their main differences. Defining Original Medicare And Medicare Advantage
The Original Medicare consists of hospital insurance and medical insurance, also known as Medicare Part A and Part B. This type of plan should cover your inpatient hospital and professional services. It should also cover the outpatient services that you will avail like quarterly checkups and preventive care. Further, Original Medicare does not cover the prescription drugs commonly known as Part D. But, you can avail a separate Medicare drug plan alongside your original one. Meanwhile, Medicare Advantage is the "all-in-one" plan. It should cover Part A, Part B, and Part D. Most Medicare Advantage policies must also cover extra benefits that Medicare does not cover, such as vision, hearing, and dental. Using this plan, you can also subscribe to additional coverages for a lower out-of-pocket cost. The Main Differences Other than coverage differences, cost and providers are also some of the dissimilarities between the two coverages. For the cost, either option has deductibles, coinsurance, and copay that you have to settle. However, some Medicare Advantage plans should lessen your cost by covering some of your deductibles and copays. On the other hand, Original Medicare has a few more costs because if you opt to have additional Part D, you have to pay its extra charges. Lastly, if you're subscribed to the Original Medicare, any hospital or doctor should accept your plan. While for Medicare Advantage, most plans have a network of doctors and hospitals that you can visit. If you go to an out-of-network facility, an additional cost will surely reflect. Conclusion Choosing your Medicare health plan will highly affect your expenses and the quality of service you'll receive. Consider your need for benefits, budget, and how often you travel when deciding. Learning about these factors will help you create an informed decision. At Gee Daniel Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (831) 920-3536. Get your free quote today by CLICKING HERE. Any coverage discussed is not guaranteed. Contact us today to go over your specific needs and we are happy to help you find a policy that works for you and your budget!
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