Medicare Advantage Or Medicare Prescription Drug Coverage (Part D)
We Understand the Right Options. Let Us Help You Find the right plan that meets Your coverage needs.
Step 1
Step 1:Watch Medicare Overview
Please see this Video to Understand about Medicare In that different Parts of Medicare Explained like Part A, Part B, part C, Part D & Medicare Supplement Plans
Step 2
Medicare Advantage or Part D Plans
Please watch this Video on left to see the process & find out about Medicare Advantage (Part C) plans & Medicare Part D (Prescription Drug coverage) Plans Available in your Area
if you have any Questions Please reach out to us at ankit.modi@akmfinance.com or +1-732-641-4619 a dedicated Medicare Support line
What is Medicare
Medicare is a national health insurance program in the United States that provides coverage to people who are 65 years of age or older, as well as to certain younger people with disabilities. It is run by the federal government and is funded through a combination of taxes and premiums paid by beneficiaries. Medicare is the federal health insurance program that covers people who are 65 or older. It also covers younger people with certain disabilities. Some Medicare plans cover people with ESRDs (End-Stage Renal Diseases).
What are the different parts of Medicare?
There are four parts to Medicare:
Part A covers hospital stays, inpatient care in a skilled nursing facility, and some home health care.
Part B covers outpatient medical care, such as doctor visits and preventive services.
Part C, also known as Medicare Advantage, is an alternative way to receive your Medicare benefits through a private insurance plan.
Part D covers prescription drugs.
Medicare does not cover all medical expenses, and many beneficiaries choose to purchase supplemental insurance, such as a Medicare Supplement (Medigap) policy, to help cover out-of-pocket costs.
How Does Medicare Work
Once you enroll in Medicare, you can get the coverage in two ways: Original Medicare and Medicare Advantage.
Once you enroll in Medicare, you can get the coverage in two ways: Original Medicare and Medicare Advantage.
Original Medicare
Original Medicare consists of Medicare Part A & B. It provides you with hospital and medical insurance coverage. In Original Medicare, you pay for the services as you get them. When you get the services, you're required to pay a deductible at the start of each year with 20% of the cost of these services as coinsurance. If you want to cover your prescribed drug, you can add a separate drug plan (Medicare Part D) to your Original Medicare Plan.
Original Medicare helps you pay for most healthcare services, but not all. To get comprehensive coverage, you need to get A Medigap (Medicare Supplement Insurance) policy with Original Medicare.
Original Medicare consists of Medicare Part A & B. It provides you with hospital and medical insurance coverage. In Original Medicare, you pay for the services as you get them. When you get the services, you're required to pay a deductible at the start of each year with 20% of the cost of these services as coinsurance. If you want to cover your prescribed drug, you can add a separate drug plan (Medicare Part D) to your Original Medicare Plan.
Original Medicare helps you pay for most healthcare services, but not all. To get comprehensive coverage, you need to get A Medigap (Medicare Supplement Insurance) policy with Original Medicare.
Medicare Advantage
Medicare Advantage, also known as Part C, is an alternative way to receive your Medicare benefits. It is offered by private insurance companies that have been approved by Medicare. Medicare Advantage plans provide the same benefits as Original Medicare (Part A and Part B) and may also offer additional benefits, such as coverage for prescription drugs, vision, and hearing.
Medicare Advantage plans typically have a network of providers that beneficiaries must use in order to receive coverage. Some plans may require beneficiaries to pay copays or coinsurance for certain services, and most plans have an annual out-of-pocket maximum that limits the amount beneficiaries must pay for covered services in a given year.
Beneficiaries can enroll in a Medicare Advantage plan during specific enrollment periods, such as the annual open enrollment period or during a special enrollment period due to a qualifying event, such as moving to a new area. If a beneficiary decides to switch from Original Medicare to a Medicare Advantage plan, or vice versa, they must do so during one of these enrollment periods.
Medicare Advantage, also known as Part C, is an alternative way to receive your Medicare benefits. It is offered by private insurance companies that have been approved by Medicare. Medicare Advantage plans provide the same benefits as Original Medicare (Part A and Part B) and may also offer additional benefits, such as coverage for prescription drugs, vision, and hearing.
Medicare Advantage plans typically have a network of providers that beneficiaries must use in order to receive coverage. Some plans may require beneficiaries to pay copays or coinsurance for certain services, and most plans have an annual out-of-pocket maximum that limits the amount beneficiaries must pay for covered services in a given year.
Beneficiaries can enroll in a Medicare Advantage plan during specific enrollment periods, such as the annual open enrollment period or during a special enrollment period due to a qualifying event, such as moving to a new area. If a beneficiary decides to switch from Original Medicare to a Medicare Advantage plan, or vice versa, they must do so during one of these enrollment periods.
