Minnesota Medicare Insurance
Medicare is a federally funded health insurance program for individuals 65 or older. All Americans over the age of 65 may enroll in the program. Original Medicare consists of hospital insurance (Part A) and Medical Insurance (Part B). However, you will find that Medicare is not designed to pay for all medical expenses.
Medigap is a health insurance plan designed for Minnesota residents to help fill the left by Original Medicare. Medigap is sold by private insurance companies in Minnesota and helps to cover co-insurance, co-pays and deductibles. Buying Minnesota Medicare Supplement Insurance, or Medigap can help pay for these expenses.
Medicare Health Insurance Providers
How do I choose the Minnesota Medicare health plan that's right for me?
There are some things to consider when choosing a Minnesota Medicare Health Insurance plan.
- Annual deductible
- Monthly premium
- Prescription drug coverage
- In and out of network physicians
- Out of pocket costs
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.
Where can I read about Minnesota Medicare?