Medicare

Glossary of Medicare Terms

Medicare can be complicated. SelectQuote compiled a glossary of Medicare terms to help you understand the terms and vocabulary. When it comes time to shop for Medicare insurance, use this as a reference and you’ll be all set.  Medicare Terms Advanced Determination of Medicare Coverage (ADMC)  Allows Suppliers and Beneficiaries to request prior approval of eligible items (such as customized wheelchairs). (Medicare) Advantage Prescription Drug Plan (MA-PD) (Part C) MA PD is an all in one plan that combines Medicare Parts A, B and D coverage into one plan. These plans are approved/contracted with Medicare and are required to offer at least the same basic benefits as Original Medicare.  Annual Enrollment Period  Medicare’s Annual Enrollment Period (AEP) is October 15 – December 7 annually. This is the time period when anyone who is enrolled in Medicare can select a new plan for the following year. Additionally, cost and coverage offered…

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