Monthly Archives: April 2019

Overview of Medicare advantage plans

Overview of Medicare advantage plans

In many localities, there will be ten unique Medicare Advantage Insurance Plans (Medigap) to select from, each with its own letter: A, B, C, D, F, G, K, L, M & N. Minnesota, Massachusetts, and Wisconsin have their own systems to differentiate between plans. Each of these plans offer some basic benefits, with differences in the types and amounts of additional coverage available. Below is a brief description of what is covered by each plan for quick comparison.

Plan A

Plan A is the most basic plan. It covers the costs of medical and hospital insurance from Medicare Part A up to an extra year after the Medicare benefits have been used. It also covers Part B coinsurance or co-payments, blood transfusions of up to three pints, and co-insurance or palliative care co-payment from Medicare Part A.

 

Plan B

This plan covers everything that is offered in Plan A (cost of Medicare Part A and hospital bills up to an extra year after the benefits of Medicare have been used, co-insurance or co-payments of Part B, blood transfusions until three pints and co-insurance for Medicare Part A or copayments), as well as covering your Medicare Part The deductible.

 

Plan C

This plan covers everything that is offered in Plan A, including co-insurance and hospital costs up to one year after Medicare benefits have been used, co-insurance or co-payments from Part B, blood transfusions up to three. pints and co-insurance of hospice Medicare Part A or copayments. Plan C also covers medical assistance coinsurance, 80% foreign travel exchange (up to a certain limit) and your Medicare Part A and B franchises. Note: because the Medicare Part B deductible benefit will be discontinued as of January 1, 2020, Plan C will no longer be open to new registrants beyond that point.

 

Plan D

This plan covers coinsurance and hospital costs of Medicare Part A up to an additional year after Medicare benefits have been used, co-insurance or co-payments of Part B, blood transfusions up to three pints, Co-insurance or insurance. palliative care co-payments, 80% of the foreign travel exchange (up to a certain limit) and your Medicare Part A franchise.

 

Plan F

The most comprehensive plan offered, Plan F covers Medicare and Part A insurance and Medicare costs up to an additional year after Medicare benefits were used, co-insurance or Part B copayments, blood transfusions up to three pints , Co-insurance or palliative care co-payments, Co-insurance specialized in nursing services, deductible for Medicare Parts A and B, excess Medicare Part B expenses and 80% of the exchange of trips abroad (up to certain limit). Note: As the Medicare Part B deductible benefit will be discontinued as of January 1, 2020, Plan F will no longer be open to new enrollees beyond that point.

 

Plan G

One of the most comprehensive plans offered, Plan G covers co-insurance and hospital costs up to one year after Medicare benefits were used, as well as co-insurance or Part B copays, blood transfusions of up to three liters, Medicare hospice Part Co-insurance or co-payment, specialty co-insurance, deductible for Medicare Part A, excess Medicare Part B rate and 80% foreign travel exchange (up to a certain limit).