THE DELINGTON REPORT:
That Best Fit For Your Needs & Budget.
Learn More About:
Is a federally funded health insurance plan that provides Medicare Part A - (Hospital Benefits) in addition to Medicare Part B - (Medical Benefits). With original Medicare insurance, there is no prescription drug coverage.
The Medicare beneficiary (the insured) is financially responsible for 20% of the incurred cost after they cover their original Medicare Part A & B annual deductible amount. Once this is met, Medicare is then financially responsible for paying 80% of the remaining Medicare-eligible expenses.
This is commonly known as an 80%-20% transfer of risk cost structure.
Within original Medicare hospital & medical health insurance benefits platform, some insurance benefits are structured with a set price in mind, commonly known as Co-Pays; and some benefits offered are structured as a percentage price, which is known as Co-insurance.
Medicare Part c - private insurance Plans
In 1990 the private insurance market provided more options and benefits for Medicare-eligible beneficiaries. Known today as Medicare Part C – Medicare Advantage - Prescription Drug plans, MAPD’S provide Medicare Part A (hospital) and Medicare Part B (medical) benefits in addition to Part D (prescription drug) coverage in a convenient all in one health insurance and prescription benefits plan.