Medicare is a federal health insurance program for people 65 or older. The Original Medicare Plan offers Part A and B but you are left with many gaps in your coverage. If you do not seek a Supplemental Medicare Health Insurance plan, you may be left without coverage in the case of an accident or an illness. Florida Medigap or Supplemental Medicare policies are health insurance plans that are sold by private health insurance companies that help fill the gaps left behind from Original Medicare plans.
Florida offers 12 different standardized Medigap policies to choose from. These policies must follow federal and Florida state laws and each has a different set of basic and extra benefits.
If you have Medicare Part A and B, you can also join a Medicare Advantage plan. Medicare Advantage plans are different than supplemental plans in that they offer Medicare Part A, Part B, and Part D all in one. If you have a Florida Medicare Advantage Plan, you don't need to buy a Medigap policy.
Medicare Health Insurance Providers
How do I choose the Florida Medicare health plan that's right for me?
Below are some things to consider when choosing a Florida Supplemental Medicare Insurance Plan or Florida Medicare Advantage Plan. It is important to determine what benefits and needs are necessary for you when choosing a plan.
- Annual Deductible
- Out of Pocket Maximum
- Hospital expenses
- Prescription drug coverage
- Skilled Nursing Coverage
- In Home Recovery
- Monthly Premium
- Preventive services
- Dental, vision, or long term care
Medicare Health Insurance Plans
Medicare is classified into four different categories.
- Medicare Part A: Part A covers Hospital Insurance and gives financial assistance for inpatient care. Part A also partially covers skilled nurses, hospice, and home health care under certain conditions.
- Medicare Part B: Part B covers necessary medical services such as outpatient care and doctor services. Some preventative care is also covered to maintain your healthy status and minimize the chances that other illnesses might become more severe.
- Medicare Part C: Part C is a Medicare Advantage Plan. It combines Part A and Part B and in some instances, it also combines Part D. Medicare Part C plans are privately managed by insurance companies approved by Medicare. The plans cover necessary medical services, although, these plans have co-payments, coinsurance, and deductibles that can vary.
- Medicare Part D: Part D provides assistance covering prescription drugs. The coverage will vary depending on the plan, but it may help lower your prescription drug costs and help prevent high costs in the future.
Where can I read about Florida Medicare?