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Originating in the 1960s, Medicare is a government-provided fee-for-service insurance program intended primarily for seniors. The program encompasses several distinct parts, each of which is outlined below.
Medicare Advantage Plans, sometimes called "Part C" or "MA Plans," are offered by Medicare-approved private companies that must follow rules set by Medicare.
Medigap is Medicare Supplement Insurance that helps fill "gaps" in Original Medicare and is sold by private companies.
Part D (Medicare drug coverage) helps cover cost of prescription drugs, may lower your costs and protect against higher costs.