FAQs on Medicare Open Enrollment

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FAQs on Medicare Open Enrollment
Original Medicare is managed by the federal
government and offers you hospital and
outpatient coverage, including doctors visits,
tests, and procedures. Medicare Advantage plans
are designed for people with Medicare Parts A
and B who get additional coverage from a private
insurance company. Between Original Medicare or
Medicare Advantage plans, there are wide-ranging
impacts on the cost of healthcare for you and
your budget. There are three cost-sharing types
premium, deductible, and copay. Plans may
require copays when you receive treatment or
purchase prescriptions. The annual premium is
the amount charged for each year of insurance.
Your new plan will have a predetermined yearly
deductible, depending on the plan selected.