Fannin County Texas Medicare Insurance

Fannin County Texas Medicare Insurance

Medicare first had two parts: Part A and Part B. Together, these parts are often called “Original Medicare” or sometimes “Traditional Medicare.”

• Part A is generally “hospital insurance”
• Part B is “medical insurance,” covering your doctors and general medical care.
  • Important to note that both Part A and Part B could have significant out of pocket cost.
  • Be sure to look at either adding a Supplement Plan or an Advantage Plan.
  • The explanation of these parts follows.
• Part C also known as Medicare Advantage was established as a way to allow private insurance companies to offer additional coverage to beneficiaries. Medicare Advantage replaces Original Medicare (Part A and Part B) coverage and often includes extra benefits. Plans with in and out of network benefits exist in many areas.
• Part D helps beneficiaries pay for the costs of prescription drugs. Like “Part C” and Medigap, private insurance companies provide Part D coverage. You can purchase Part D as a stand-alone plan along with Original Medicare or packaged in with a Medicare Advantage plan.
• Supplemental Plans also known as Medigap was introduced to help beneficiaries pay for some of the costs left over by Original Medicare. Private insurance companies sell Medigap plans, which are more commonly known as “Medicare Supplement” plans.