Which medicare plan gives you the most coverage?
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Asked April 27, 2011
There are two basic types of Medicare coverage: Original Medicare, and the Medicare Advantage Plan. The original Medicare plan include Medicare Parts A & B, with minimal costs to the insured person. Medicare Advantage is also called Medicare Part C, and includes the coverages of Original Medicare in an HMO-style format. Medicare Part D can be added to either main type of Medicare coverage and includes assistance for prescription medications.
Original Medicare plans offer medical coverage to participants at free or reduced rates. You are able to select the physicians and care givers from within the network. Specialized services and procedures may be at a premium and require supplemental insurance coverage or higher out of pocket expenses. Patient costs are kept to a minimum, although monthly premiums and some copay options are required.
Medicare Advantage is more fully-developed form of health insurance, and operates very similar to an HMO or PPO plan. Medicare Advantage is more robust than Original Medicare, with a broader range of specialists and physicians available. The downside of this plan is that you will probably have to pay Advantage plan premiums in addition to Medicare premiums, and can expect to pay more out of pocket costs or high copayments. If your major concern is the cost of care, the Original Medicare plan is the better choice, where Advantage excels in offering a wider range of services.
Answered April 27, 2011 by Anonymous