Medicare Advantage Plans (MA)
A type of Medicare health plan, offered by a private company, that contracts with Medicare to provide you with all your Part A and Part B benefits.
If you join a Medicare Advantage Plan, the plan will provide all of your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage. This is different than a Medicare Supplement Insurance plan.
Medicare Supplement Insurance Plans
Medicare Supplement plans, commonly referred to as Medigap plans, are sold by private companies and can help pay some of the health care costs that Original Medicare doesn’t cover like co-payments, co-insurance, and deductibles.
Part D Prescription Drug Plan (PDP)
Also called the Medicare prescription drug benefit, is a federal program to subsidize the costs of prescription drugs for Medicare beneficiaries in the United States. It was enacted as part of the Medicare Modernization Act of 2003 (MMA) and went into effect on January 1, 2006. Eligibility and enrollment.
Prescription assistance can be offered in the way of Patient Assistance Programs (PAPs), which are created by pharmaceutical companies to provide free or discounted medicines to people who are unable to afford them. Each program has its own qualifying criteria.