Medicare Annual Enrollment Period
The ABC’s (and D’s) of Medicare
Help our patients understand the pros and cons of the different types of Medicare. Here’s a quick overview.
- Includes Part A (hospital insurance) and Part B (medical insurance).
- Only pays for about 80% of healthcare costs.
- Doesn’t cover every type of service.
- Doesn’t cover most dental, vision and hearing services.
- Covers only a small number of medications.
- Has no out-of-pocket limit.
Medicare Supplement (Medigap)
- An add-on to Original Medicare.
- Covers remaining costs once Original Medicare has paid its share.
- Only covers services Original Medicare covers.
- Doesn’t include prescription drug coverage.
Medicare Part D
- Prescription drug coverage.
- For those on Original Medicare, Part D is an add-on they purchase separately from a private insurance company. If they don’t enroll when they’re first eligible, they’ll pay a penalty if they choose to add Part D later.
Medicare Advantage (Part C)
- Takes the place of Original Medicare.
- Typically combines Parts A, B and D (hospital, medical and prescription drug coverage) in one single plan.
- Plans have out-of-pocket limits, so members won’t pay over a certain amount.
- Plans often include dental, vision and hearing coverage.
- Plans can include extra perks such as fitness benefits and wellness programs.
Please remind our patients to review their Medicare coverage by December 7. They can learn more by: