All of #Medicare Explained in 12-Min: #Traditional Medicare vs. Medicare #Advantage vs. #PartD vs. Medicare #Supplement.
#TraditionalMedicare Consists of Part A for Hospital Coverage and Part B for Physician and Outpatient Services Coverage (e.g. lab, imaging).
Traditional Medicare Parts #A and #B Have a Low Premiums and Deductibles, But Part B Also Has 20% Co-Insurance with NO Out-of-Pocket Maximum.
#MedicareAdvantage Includes Hospital, Physician, Outpatient Services AND Prescription Coverage... and Frequently Dental, Vision and Hearing Coverage Too.
Medicare Advantage Premiums are Low and Can Even Be $0.
However, Most Medicare Advantage Plans are Either an #HMO with a Primary Care Gatekeeper or a #Narrow-Network PPO Plan with Fewer Choices in Doctors and Hospitals than Traditional Medicare.
Additionally, Traditional Medicare Does NOT Require a Referral to See a Specialist and There are NO Prior Authorizations, BUT Medicare Advantage Plans Frequently DO Require a #Referral and Have #PriorAuthorization Requirements.
Medicare #PartD Provides Prescription Drug Coverage for Beneficiaries Who are on Traditional Medicare.
#MedicareSupplement Insurance is Optional Insurance that a Beneficiary Can Buy to Cover the Expenses Not Covered by Traditional Medicare, Such as the 20% Co-Insurance for Outpatient Services.
Sources at AHealthcareZ YouTube Channel.
#TraditionalMedicare Consists of Part A for Hospital Coverage and Part B for Physician and Outpatient Services Coverage (e.g. lab, imaging).
Traditional Medicare Parts #A and #B Have a Low Premiums and Deductibles, But Part B Also Has 20% Co-Insurance with NO Out-of-Pocket Maximum.
#MedicareAdvantage Includes Hospital, Physician, Outpatient Services AND Prescription Coverage... and Frequently Dental, Vision and Hearing Coverage Too.
Medicare Advantage Premiums are Low and Can Even Be $0.
However, Most Medicare Advantage Plans are Either an #HMO with a Primary Care Gatekeeper or a #Narrow-Network PPO Plan with Fewer Choices in Doctors and Hospitals than Traditional Medicare.
Additionally, Traditional Medicare Does NOT Require a Referral to See a Specialist and There are NO Prior Authorizations, BUT Medicare Advantage Plans Frequently DO Require a #Referral and Have #PriorAuthorization Requirements.
Medicare #PartD Provides Prescription Drug Coverage for Beneficiaries Who are on Traditional Medicare.
#MedicareSupplement Insurance is Optional Insurance that a Beneficiary Can Buy to Cover the Expenses Not Covered by Traditional Medicare, Such as the 20% Co-Insurance for Outpatient Services.
Sources at AHealthcareZ YouTube Channel.
