Original Medicare consists of Part A and Part B and covers most of your basic health needs. Unfortunately, Original Medicare does not cover all your health care needs. In order to fill the gaps, there are two options you can choose from in Montana. Montana Medicare Supplement Plans, or Medigap, and Medicare Advantage plans, or Plan C are designed to fill the gaps and help reduce out-of-pocket costs.
Medicare Supplement plans (Medigap) offer more benefits for Part A and Part B. Medicare Supplement plans are standardized by the federal government but provided by private health insurance companies. They do not help cover Part D (prescription drugs). Medicare Advantages plans (Plan C) consist of Part A, Part B, and Part D and are also provided by private health insurance companies.
Medicare Health Insurance Providers
How do I choose the Montana Medicare health plan that's right for me?
As with any purchase, there are many things you need to consider when shopping for a Montana Medicare Health Insurance plan. Evaluate the benefits you want and need out of your Montana Medicare Health Insurance plan. Some things to think about are:
- Annual Deductible
- Monthly Premiums
- Prescription drug benefits
- Out of pocket costs
- In-network physicians and hospitals
- Hospitalization expenses
- Skilled Nursing Coverage
- In Home Care
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.