Medicare is a federal health insurance program that provides health care options for people 65 and older, certain people under 65 with disabilities and people with End-Stage Renal Disease (ESRD) which is permanent kidney failure requiring dialysis or a kidney transplant.
There are four parts of Medicare:
- Part A
- Part B
- Part C
- Part D
Medicare Part A is hospital insurance. It covers inpatient hospital stays, skilled nursing facility care, hospice care and limited home health care.
Medicare Part B is medical insurance. It helps cover doctors’ visits, preventative services, outpatient care, medical supplies and other services.
Medicare offers hospital and medical coverage, but you may have to pay certain out-of-pocket costs to receive your care.
Medicare Supplement Insurance plans help cover Medicare out-of-pocket costs such as certain deductibles, copayments and coinsurance.
Medicare Part C is an alternative way to receive your Part A and Part B benefits. It’s commonly called Medicare Advantage.
It is illegal for anyone to sell you a Medicare Supplement Insurance plan if they know you are in a Medicare Advantage plan, unless your coverage under the Medicare Advantage plan will end before the effective date of the new Medicare Supplement Insurance plan.
Medicare Part D is prescription drug coverage. Part D plans work with Medicare Part A and Part B, Medicare Supplement Insurance and certain Part C plans.
Medicare Supplement Insurance
Medicare Supplement Insurance works alongside Medicare Part A and Part B. Plans help cover Medicare out-of-pocket costs such as certain deductibles, copayments and coinsurance.
Plans offer nationwide coverage. This means you can visit any doctor or medical facility that accepts Medicare patients.
Humana Medicare Supplement Insurance Plans are a popular coverage option. Over 238,000 people were enrolled in a Humana Medicare Supplement Insurance Plan in 2018.3