Medicare Advantage or “Medicare Part C”
Medicare Advantage, sometimes called Medicare Part C, is another healthcare coverage choice you have as part of Medicare. These plans are offered by private companies approved by Medicare, and provide all of your Part A and B coverage except for hospice care. However, original Medicare will provide hospice care even if you are in a Medicare Advantage Plan.
Medicare Part D – Medicare’s Prescription Drug Coverage
To get Medicare’s prescription drug coverage, you must join a plan run by an insurance company or other private company approved by Medicare. Each plan varies in cost and the drugs covered.
Medigap – Medicare’s Supplemental Coverage
Medigap policies are sold by private insurance companies. They help pay for some of the healthcare costs (“gaps”) that Original Medicare doesn’t cover, like copayments, coinsurance, and deductibles.