Through MyAARPMedicare, you have the opportunity to select the best plan based on your personal circumstances and your family’s needs. The U.S. government offers Medicare coverage to U.S. citizens, disabled individuals, and other eligible applicants. On the official website of MyAARPMedicare, you can learn more about different Medicare plans. Among the Medicare benefits are Medicare Parts A and B (Original Medicare) offered by the federal government and Medicare Advantage (Part C) and Part D prescription drug coverage provided by private insurers. Private insurance companies also offer Medicare supplement insurance plans (Medigap), which cover some out-of-pocket expenses not covered by Medicare Part A and Part B.
The original Medicare (Parts A & B) does not cover everything you may need to live a healthy lifestyle. In addition to not covering prescription drugs, Medicare Part A and Part B do not cover other health benefits, such as dental, vision, or hearing, which you may see as essential to your health. Insurance companies offer supplemental or alternative plans to Original Medicare in order to provide additional coverage.
Medicare Advantage Plans: The Medicare Advantage (Part C) plan is a combination of Medicare Part A (hospital insurance) and Medicare Part B (medical insurance) and usually offers prescription coverage as well. Other benefits such as dental, vision, and fitness are often included in these plans.
Medicare Supplement Insurance Plans: In addition to Original Medicare (Parts A and B), Medicare Supplement insurance helps cover some out-of-pocket costs.
Medicare Prescription Drug Plans: Prescription drug plans under Medicare Part D are stand-alone plans that help pay for prescription drugs. You can add Part D plans to Original Medicare, Medicare supplements, or certain Medicare Advantage plans that don’t contain prescription drug coverage.
Special Needs Plans: Plan designs for specific needs can include prescription medication coverage under Special Needs Plans. Some plans may also include care coordination benefits. The Special Needs Plans come in four types, including Dual Special Needs Plans for Medicare and Medicaid recipients.