Medicare Part A covers inpatient care in hospitals and skilled nursing facilities, while Medicare Part B covers outpatient care and medically necessary supplies.
For the 20% not covered by Medicare, individuals have the option to purchase Medicare Supplement (Medigap) insurance from private insurance companies.
Forbes Health analyzed U.S. insurance companies offering nationwide plans based on coverage availability, plan types, financial health, and other factors to determine the best Medicare Supplement providers.
The glossary provided by Forbes Health helps individuals navigate Medicare research and decisions by explaining key terms like Original Medicare, Medicare Advantage plans, Medicare Supplement/Medigap plans, deductibles, in-network providers, and out-of-pocket costs.