New York Medicare Insurance
Original Medicare is a health insurance plan funded by the federal government for individuals 65 or older. Medicare consists of Part A (Hospital Insurance) and Part B (Medical Insurance) but often excludes necessary services that require you to pay out of pocket.
New York Medicare Supplemental Insurance, or Medigap, helps pay for the services and expenses that Original Medicare does not. These services and expenses can include coinsurance, copayments, and deductibles.
Medicare Health Insurance Providers
How do I choose the New York Medicare health plan that's right for me?
Some options to explore when determining the New York Medicare Supplemental Plan that is right for you include:
- Monthly premium
- Annual Deductible
- In and Out of Network doctors
- Skilled Nursing Coverage
- Foreign Travel Emergency
- At Home Recovery
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 New York Medicare?