Medicare Cost Plans
A Medicare Cost Plan is a type of Medicare health plan offered by private insurance companies that contract with Medicare to provide covered services to Medicare beneficiaries.
As a Medicare beneficiary, if you choose a Medicare Cost Plan, you will receive your Medicare Part A (hospital insurance) and Medicare Part B (medical insurance) coverage through the insurance company offering the plan, rather than through traditional Medicare.
With a Medicare Cost Plan, you typically have the flexibility to see any Medicare-participating provider, without the need to choose a primary care physician or obtain referrals to see specialists. In addition, some Medicare Cost Plans may offer additional benefits and services not covered by traditional Medicare, such as routine dental and vision care, hearing aids, or wellness programs.
It's important to keep in mind that with a Medicare Cost Plan, you may still be responsible for paying some costs for your medical care, such as deductibles, copayments, and coinsurance. The specific cost-sharing and covered services may vary depending on the plan you choose.
It's also important to compare the benefits and costs of a Medicare Cost Plan with other Medicare health plan options, such as Medicare Advantage plans, to determine which plan is best for your specific needs and budget.