MEDICARE COVERAGE GAPS AND ADDITIONAL PLANS
While Medicare offers significant coverage, it doesn't cover all healthcare expenses, leaving beneficiaries with out-of-pocket costs. These coverage gaps include:
1. DEDUCTIBLES AND COINSURANCE: Medicare Part A and Part B have deductibles and coinsurance that beneficiaries must pay. Supplemental plans can help cover these costs. 2. PRESCRIPTION DRUGS: While Medicare Part D covers prescription drugs, it often involves copayments and coverage gaps, which can be substantial for those with high medication costs. 3. DENTAL, VISION, AND HEARING: Original Medicare typically does not cover routine dental, vision, or hearing care. Medicare Advantage plans often provide some coverage in these areas, or you can purchase standalone dental, vision, and hearing insurance plans. 4. TRAVEL ABROAD: Original Medicare offers very limited coverage for healthcare services outside the United States. Travelers may need additional coverage for international healthcare. 5. LONG-TERM CARE: Medicare does not cover long-term care in nursing homes or assisted living facilities. Medicaid or long-term care insurance is often necessary for such services.
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