Medicare Phase C (Medicare Benefit Plans) are one of those Medicare well being plan presented by way of a non-public insurance coverage corporate that contracts with Medicare to come up with all of your Phase A and Phase B advantages. Medicare Benefit Plans come with Well being Upkeep Organizations (HMO’s), Most popular Supplier Organizations (PPO’s), Personal Rate-for-Carrier Plans (PFFS’s), Particular Wishes Plans (SNP’s), and Medicare Scientific Financial savings Account Plans (MSA’s). In case you are enrolled in a Medicare Benefit Plan, maximum Medicare products and services are coated during the plan and aren’t paid for less than Unique Medicare. Maximum Medicare Benefit Plans have prescription drug protection integrated.
Medicare Phase D (prescription drug protection) provides prescription drug protection to Unique Medicare, some Medicare Price Plans, some Medicare Personal-Rate-for-Carrier Plans, and Medicare Scientific Financial savings Account Plans. Those plans are presented by way of insurance coverage corporations and different personal corporations authorized by way of Medicare.
Medicare Benefit Plans may additionally be offering prescription drug protection that follows the similar regulations as Medicare Prescription Drug Plans. Remember, chances are you’ll owe a past due enrollment penalty should you pass with no Medicare Prescription Drug Plan (Phase D), or with no Medicare Benefit Plan (Phase C) (like an HMO or PPO) or different Medicare well being plan that provides Medicare prescription drug protection, or with out creditable prescription drug protection for any steady length of 63 days or extra after your Preliminary Enrollment Length is over.