Medicare Supplement Insurance Plans
Medicare Supplement Comparison
Understanding medicare supplement insurance plans
Medicare has four parts:
Part A helps cover inpatient care at hospitals, care at skilled nursing facilities, hospice care and home health care.
Part B helps cover services from doctors and other health care providers, outpatient care, home health care, durable medical equipment and some preventive services.
Together, Part A and Part B make up Traditional Medicare.
Part C is the Medicare Advantage Plan and includes all benefits and services covered under Part A and Part B. The plans often have more benefits than traditional Medicare, including dental and vision coverage, and usually include prescription drug coverage. These plans are provided through private insurance companies that have a contract with Medicare.
Part D is the prescription drug coverage. The coverage is run by Medicare-approved private insurance companies and helps cover the cost of prescription drugs.
Most people become eligible for Medicare when they turn 65. If you’re collecting Social Security retirement benefits, you should be enrolled in Medicare automatically. If you’re not, you’ll need to sign up with the Social Security Administration to get Medicare.