There are four (4) extensive parts of Medicare from Plan A, B, C, and D and ten (10) specified types of
Medicare supplement plansfrom https://www.medisupps.com/medicare-supplement-plans/medicare-supplement-plans-2023/. It is confusing as learning the alphabet that’s the reason why its necessary to be educated on Medicare’s Parts and the Medicare Plans as each part and plan offers unique services coverage. Aside from that they also offer different monthly fees, participating health care providers, and up to the hospital networks and connection, its availability to the rules and guidelines each has. If you are less aware of the following information, you will likely purchase all the parts and plans even its not all the health service coverage you need.
Here are the different parts and plans that you should know about:
- Part A: It covers the Hospital Services.
Medical Supplement Plans A and B are known as Original Medicare during the first stage of membership. You can visit any participating hospitals and doctor’s care anywhere in the state or country as long as they are open for new patients in their facility but if you visit non-participating services then you will be covered by the possible expenses you may have.
- Part B: It covers the Medical Services.
The services they offer may include the health care provider’s visit, laboratory test, and other outpatients’ services. It also includes ambulance rides, medical equipment like oxygen tanks and walkers, mental health services, and certain prescription medicine given by doctors in the participating hospitals.
- Part C: It covers Medical Advantages
This plan offers extra services like wellness programs, transportation to doctor’s visits, and even adult-care services. Often time, this plan is sold by private insurance companies and is approved by Medicare to provide service for their members.
- Part D: It covers Prescription Drugs.
If you don’t want to sign up for a Medicare Advantage Plan or maybe the other plans offered are not the plan suitable to your needs then maybe Part D is for you in which private insurance companies may offer services to you. This plan offers an extensive range of prescription drugs that members in Medicare avail, and more specialized medication for cancer drugs and insulin since this plan covers much higher ranges then the cost as well is higher as expected. Here are the considerations for this part:
- Before availing the Part D, you must be a member of Part A and Part B first.
- Drug Prescription Coverage is optional, you can choose to exclude it on the service coverage you choose.
- But if you decided to take drug coverage through Medicare Advantage Plan then, having Part D is not necessary at all.
Above are all the Parts and Plans that Medicare Supplements Plans have to offer you but then again, assessing your needs is the very first step you need before choosing a plan or part for you. Spend your time and money wisely on something that will generally benefit you.