Plain-English definitions for every Medicare term — from ABN to ZIP enrollment. No jargon, no confusion.
Showing 3 results for "Original Medicare" — clear search
For Medicare Advantage, the period from January 1–March 31 each year when enrolled MA beneficiaries can switch to a different MA plan or return to Original Medicare (with Part D if desired). Changes take effect the first of the following month.
Also known as: OEP, Medicare Advantage OEP
The traditional fee-for-service Medicare program offered directly through the federal government, consisting of Part A (hospital insurance) and Part B (medical insurance). Under Original Medicare, you can go to any doctor or hospital that accepts Medicare.
Also known as: Traditional Medicare, Fee-for-service Medicare
The most you will have to pay for covered services in a plan year. After you reach this limit, your plan pays 100% of covered costs. Medicare Advantage plans must have an out-of-pocket maximum; Original Medicare does not have one.
Also known as: Out-of-pocket limit, MOOP
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