Plain-English definitions for every Medicare term — from ABN to ZIP enrollment. No jargon, no confusion.
Showing 2 results for "Medicare" — clear search
A payment model where health care providers are paid for each service, procedure, or test performed. Original Medicare (Parts A and B) is a fee-for-service program, meaning Medicare pays separately for each covered service.
Also known as: FFS
A list of prescription drugs covered by a Medicare Part D plan or Medicare Advantage plan with drug coverage. Drugs are organized into tiers, with each tier having a different cost. Plans can change their formularies annually.
Also known as: Drug list, Preferred drug list
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