Medicare Advantage, also called Medicare Part C or MAPD; this type of Medicare health plan is offered by a private companies that contract with Medicare. MAPD plans provide all of your Part A and Part B benefits. Most Medicare Advantage Plans offer Prescription Drug Coverage.

Medicare is the U.S. federal health insurance program for: Individuals who are 65 or older Certain people under 65 with disabilities Individuals with End-Stage Renal Disease

Medically necessary is defined as the standard that Medicare uses to determine coverage of health care services or supplies used to diagnose or treat a disease, injury, condition, illness or its symptoms.

Underwriting is the process that an insurer uses to decide, based on an applicant’s medical history, whether the insurance company can offer a policy, whether to add a waiting period for a pre-existing health condition (if your state law allows it), and how much your Premium will cost for that insurance.

Medicaid is the joint federal and state program that helps with medical costs for some people with limited income and resources. Medicaid also offers benefits not normally covered by Medicare, which includes nursing home care and personal care services. Medicaid varies from state to state, but most health care costs are covered if you qualify…

The Deductible is the specific amount of money that you must pay for prescriptions or health care before Original Medicare, your drug plan or an insurance company will pay a Claim.