Medicare Flashcards

0
Q

Medicare Advantage

A

Part C - MA is run by managed care providers (like an HMO or a PPO)
Must go to the provider’s network of services
Part D - offers extra coverage like vision, hearing, dental and/or health and wellness programs

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1
Q

Medicare Original

Two Parts

A

Part A - Hospitals (free)
Part B - Physician’s Services (optional, financed by a monthly premium from SS check & partly by fed revenues)

You choose the Dr
Beneficiary

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2
Q

Medi-gap Policy

A

Sold by private Insurance companies
Covers the gaps in coverage in Medicare Original (Parts A & B)
Cannot be sold to those on Medicare Original (Part C)

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3
Q

Medicare has 4 Parts…

A

Part A Hospital Insurance
Part B - Physician’s costs & medical services not covered by part A
Part C - Medicare advantage (Managed Care option)
Part D - Prescription Drug coverage

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