Definitions Of The Most Common Medicare Terms
There are a number of Medicare terms that everyone should know if they are policy holders or are about to be. We have listed the more common ones below.Appeal - a formal complaint that an individual files if certain drugs and services are not covered by their particular Medicare plan when they feel that they should be.Co-pay - the portion of any medical services and/or prescription medications that you are responsible for paying.Deductible - the amount of money that must be paid by the insured for medical care before Medicare covers any such expenses.Doughnut hole - the coverage gap found in some Medicare drug plans (scheduled to close in 2020).Dual eligibility - refers to being eligible for both Medicaid and Medicare.Enrollment period - the limited time period that an individual can enrol...