Medicare 101 – What you need to know?
A handy guide that explains the Medicare Health Insurance arena in easy to understand terms. The world
September 16, 2020
Medicare Supplements
Original Medicare (Parts A and B) pays for much, but not all, of healthcare services and supplies. Medicare Supplement Insurance policies, sold by private companies, can help pay some of the remaining healthcare costs, like copayments, coinsurance, and deductibles.
Medicare Advantage
Medicare Advantage Plans, sometimes called “Part C” or “MA Plans,” are offered by Medicare-approved private companies that must follow Medicare’s rules. If you join a Medicare Advantage Plan, you’ll still have Medicare, but you’ll get your Part A and Part B coverage from the Medicare Advantage Plan, not Original Medicare.
Life Insurance
A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. There are many varieties of life insurance.
