More About Medicare Supplement Plans
Plan A, Plan B, Part A, Part B, Plan F……. confused yet?
We always try to first educate our clients on the differences in terms first, before they try to make a decision. Starting at the difference between the term PLAN and PART always helps.
PART is referring to Medicare coverage.
- PART A is Medicare hospital coverage
- PART B is Medicare doctor and medical coverage
- PART C is Medicare Advantage (more about that later)
- PART D is your prescription drug plan.
All PARTS are regulated by MEDICARE and each have separate rules and benefits.
PLAN letters refer to MEDICARE SUPPLEMENT INSURANCE COVERAGE
- Plan A covers NONE of your PART A hospital deductible (currently $1184 per occurrence in a 60 day period)
- But covers 100% of your Medical Expenses (PART B) such as doctors charges, medical services and supplies AFTER you pay the PART B deductible (currently around $147 annually)
- PLAN F covers EVERY MEDICARE ALLOWABLE CHARGE
As you might guess, a plan F is more expensive than a plan A.
There are other medicare insurance plans also. For an idea of the difference, click on the chart to see the differences.