Medicare comes with two different options that one can enroll in as per needs and budget. They are:
1. Original Medicare
The Original Medicare Plan covers the hospital-related charges and provides medical insurance. The federal government maintains the coverage. It implies that the Original Medicare plan covers Medicare Part A and Medicare Part B.
However, suppose a client wants to add the Prescription of drugs to be covered as well. In that case, they have to enroll in an additional separate drug plan that covers Medicare Part D. With Original Medicare; a client pays for the services when required. It roughly adds up to 20% of the total cost provided by the Medicare service called coinsurance.
The catch of this plan is that it covers a lot but not the whole of the expenses. It means that some healthcare expenses are left uncovered like coinsurance, copayments, deductibles, etc. However, for complete coverage, a client can go for a Medigap policy to cover the expenses that the original plan cannot.
2. Medicare Advantage
As the name suggests, the Medicare health plan comes with a bundle of advantages for the clients. It brings the solution to all the problems that persist in opting for the Original Medicare plan.
Medicare Advantage is a wholesome plan covering Medicare Part A, Medicare Part B, and Medicare Part D (most cases). It is an "all in one" deal. It is provided by a private company that ties up with Medicare. In addition to that, the additional expenses are covered by the Medicare Advantage plan:
i. Costs of routine dental services, dental examinations, cleanings, x-rays, fillings, extractions, and dentures.
ii. Vision-related expenses and checkup.
iii. Hearing related expenses, routine checkups, cleaning, etc.
Iv. Expenses of personalized wellness programs and services- might be available online, in person, or via phone.