Part D (Prescription Drug Coverage)
Medicare prescription drug coverage that helps pay for the cost of medications. Available through standalone or Medicare Advantage plans.
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Medicare Advantage (Part C)
An alternative to Original Medicare offered by private insurance companies. Includes Part A, Part B, and often Part D coverage.
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Premium
The amount you pay for your insurance plan, usually monthly. Your premium ensures your coverage stays active.
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Coinsurance
Your share of the costs of a covered healthcare service, calculated as a percentage of the allowed amount for the service.
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Deductible
The amount you pay for covered healthcare services before your insurance begins to pay. Plans often have an annual deductible.
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