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Brief Overview of the Medicare Supplement Plans in Minnesota, Massachusetts, and Wisconsin
The Federal Government features a health insurance program under Medicare for people who are 65 years or older and are suffering from any disability or end-stage renal disease (ESRD). Medicare is one of the most popular options for comprehensive health insurance. The Original Medicare mainly includes two parts, Part A and Part B, which provide insurance coverage for hospital costs and medical costs. There is an additional insurance cover available from third-party private insurance companies that provide for Medicare Advantage Plans (Part C). One must also note that the Original Medicare and Medicare Part C do not cover medication expenses, which is why Part D Prescription Drug Plan under the Medicare system pays for medical costs. The Original Medicare does not cover premiums for copayments, coinsurance, and deductibles, which is why one must also purchase the Medicare Supplement Plans that provide for these expenses. Medicare Supplement Plans mainly feature 10 policies under the federal health insurance scheme. Plan A to Plan F feature different benefits under the scheme, wherein Plan F is one of the most popular ones. There are many insurance plans that can be mistaken for Medicare Supplement Plans or Medigap policies. The health maintenance organization (HMO) plan, the Prefered Provider Organization (PPO) plan, the private fee-for-service plans, Medicare Prescription Drug Plans, Medicaid, Federal Employees Union Health Plans, TRICARE, Veterans Benefits, and other long-term insurance policies do not form part of comprehensive Medicare coverage.