How Medicare Works
Medicare is very Easy and Confusing all at the same time, what you have to know is that there is an option for you, Basic Medicare has 3 Parts A, B, and D.
Medicare allows you to see any Doctor Nationwide that accepts Medicare
A - is the Hospital Portion It has a High Deductible when you go into the hospital
B - is your Doctors, Medical Tests, and Durable Medical Equipment. It has a small yearly Deductible and then Medicare covers 80% leaving you with 20% and any excess charges that your Doctor may charge, which is up to 15% MORE than what Medicare allows. (Not all states allow Excess Charges
D - This is the Prescription part of Medicare
Part D is administered by private companies that are contracted with Medicare, and regulated by the Centers of Medicare and Medicaid Services. These plans have small premiums
With Medicare you have a few options.
Option 1 - Original Medicare only
Option 2 - Original Medicare and add a Part D Plan
Option 3 - Medicare Part C (Medicare Advantage Plan)
This option combines your Medicare benefits into an all in one plan that in many cases provides additional benefits such as Dental and Vision.
Option 4 - Original Medicare, Part D Plan, and a Medicare Supplement Plan
Option 4 is the most comprehensive option, however, it is also the option with the highest premiums in most cases