Medicare is a federally sponsored health insurance program available to those over the age of 65, as well as to individuals who have certain disabilities.
Medicare Advantage Plans, or Part C, are run by private insurance companies but approved by Medicare. Arizona Medicare Advantage plans provide all of Medicare Part A, Medicare Part B and often Medicare Part D benefits. If you choose an Arizona Medicare Advantage plan, you do not need to buy Medicare Supplemental Insurance. Medicare Part C is a lower cost alternative to the Original Medicare plan and offers more benefits.
Arizona Supplemental Medicare plans provide coverage in areas that the Original Medicare plan does not. Supplemental Medicare Plans, or Medigap Plans, are additional government approved plans in addition to the Original Part A and Part B that are provided by private health insurance companies. To receive the benefits of an Arizona Supplemental Medicare plan, eligible Medicare applicants must also enroll in Medicare Part A and Part B.
Medicare Health Insurance Providers
How do I choose the Arizona Medicare health plan that's right for me?
As with any purchase, there are many things you need to consider when shopping for an Arizona Medicare Health Insurance plan. Evaluate the benefits you want and need out of your Arizona Medicare Health Insurance plan. Some things to think about are:
Doctor visit co-pay
Prescription drug benefits
In-network physicians and hospitals
Health Savings Account
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.