by Robert D. Crawford, MBA
The Federal Government has the uncanny ability to create the most confusing government programs ever devised. In their infinite wisdom to simplify a program for the common citizen they unwittingly default to committee planning which transforms the process into chaos and confusion.
Take for example Medicare. There are four coverage Parts, each with a different letter designator starting from the beginning of the alphabet.
There is Medicare Part: Part A, (Hospital Insurance)
Part B, (Medical Insurance)
Part C, (Medicare Advantage) and
Part D, (Prescription drug coverage)
Not too hard to comprehend, right?
“Original Medicare (Part A and Part B) pays for many, but not all, health care services and supplies. Medicare Supplement insurance policies, sold by private companies, can help pay some of the health care costs that Original Medicare doesn’t cover, like copayments, coinsurance, and deductibles. Every Medigap policy must follow federal and state laws designed to protect you, and must be clearly identified as “Medicare Supplement Insurance.” Insurance companies can sell you only a “standardized” policy identified in most states by letter A through D, F through G, and K through N. All policies offer the same basic benefits, but some offer additional benefits so you can choose which one meets your needs.”1