Mc Pherson Insurance Solutions

Medicare Glossary

Important Terms
You Should Know

Medicare can be confusing. Here are key terms to help you understand your options.

Medicare Glossary

Understanding Medicare Terms

Medicare can feel overwhelming. Use this glossary to quickly find and understand common terms so you can make confident decisions about your coverage.

Part D plan with equal value to standard but different cost-sharing.

Program that pays Part B premium for low-income individuals (also QI).

Judge who handles Medicare appeals.

Health care reform law (2010) that expanded access to insurance through Marketplace and Medicaid.

Same as ACEP.

Yearly notice of plan changes sent before AEP.

Process to request review of a Medicare decision.

Provider accepts Medicare-approved amount as full payment.

Approval from insurer for services.

Automatic enrollment into Part D for eligible individuals.

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