A Medicare Minute – Original Medicare (Parts A and B)

A Medicare Minute – Original Medicare (Parts A and B)

Medicare Advantage Plans (Part C of Medicare) have grown substantially over the past decade. In 2018, 34% of Medicare beneficiaries were enrolled in Medicare Advantage plans. However, “Original Medicare” remains the choice of more than two thirds of all Medicare recipients.  In fact, Original Medicare is the default plan, if you don’t choose another option. There could be several reasons for the continued popularity of Original Medicare; many people just do not want to invest the time and effort needed to choose an Advantage Plan, while others do not wish to be locked into a network of providers as required by many of those plans.  Whatever the reason, it is likely that most of the seniors who read this article will be covered by Medicare Part A for hospitalization and Part B for outpatient services like doctors’ fees, lab costs, etc. If you are covered by Original Medicare, by default or intentional choice, there are several important points that you should keep...
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