Medicare is a social security benefit for individuals 65 or older funded by the federal government. Most beneficiaries covered by Original Medicare find that they also need an Indiana Medigap, or supplemental plan to help pay for services that arenâ€™t covered by the Original Medicare.
Medigap is a supplemental health insurance plan that has been designed to cover services that Medicare may partially cover or not cover at all. Medigap is sold by private insurance companies in Indiana and helps to cover co-insurance, co-payments and deductibles.
Medicare Health Insurance Providers
How do I choose the Indiana Medicare health plan that's right for me?
When choosing a Medicare supplemental plan, you need to determine the benefits that are most important to you. Below are some tips to help you choose the Indiana Supplemental Medicare plan thatâ€™s right for you.
- Annual Deductible
- Monthly premium
- In network or out-of-network doctors
- Hospital Expenses
- Skilled Nursing Coverage
- In Home Recovery
- Prescription drug coverage
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 Indiana Medicare?