Original Medicare

Medicare is a U.S. federal health insurance program for people aged 65 and older, as well as certain younger individuals with disabilities or specific medical conditions. It's divided into four parts:

• Part A: Hospital insurance.

• Part B: Medical insurance.

Medigap Plans, also known as Medicare Supplement Insurance Plans, are designed to help cover some of the out-of-pocket costs that Original Medicare (Part A and Part B) does not cover. These plans can include copayments, coinsurance, and deductibles.

Medigap plans are sold by private companies and are standardized meaning that plans with the same letter offer the same benefits, regardless of the insurance

Medicare Part C

(Medicare Advantage)

Medicare Advantage (Part C) is a health insurance plan providing Medicare benefits through private companies. It serves as an alternative to Original Medicare (Parts A and B) and typically covers all Original

Medicare services, often including additional benefits like dental, vision, and wellness programs.

Medicare Part D

(Prescription Plan)

Medicare Part D is the prescription drug coverage part of Medicare. Part D plans are offered by private insurance companies and can be either stand-along plans for those with Original Medicare or included as part of a Medicare Advantage plan.

Plans have a list of covered drugs called a formulary and drugs are placed into different tiers, which determine the cost-sharing for each medication.