Medicare is a health insurance program for individuals 65 or older that is funded by the federal government. Original Medicare has many gaps in it and Kentucky Medicare Supplemental Insurance can help fill those gaps. Original Medicare consists of Part A and Part B and covers some hospital and medical expenses. The other expenses must be paid for out of pocket and can become very expensive.
Medigap is a supplemental health insurance plan that has been designed to cover services that Medicare may partially cover or not cover at all for Kentucky residents. Medigap is sold by private insurance companies in Kentucky and helps to cover co-insurance, co-pays and deductibles.
Medicare Health Insurance Providers
How do I choose the Kentucky Medicare health plan that's right for me?
In order to choose the right Kentucky Medicare Supplemental plan, you must determine the services you may want a need. Below is a list of some things to help you decide.
- Monthly premium
- Skilled Nursing Coverage
- Annual deductible
- In Home Recovery
- Prescription drug coverage
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 Kentucky Medicare?