All > Healthcare > Health Insurance

• Medicare cost plans are a type of HMO that contracts as a Medicare Health Plan. As with other HMOs, the Medicare Cost plan only pays for services outside its service area when they are emergency or urgently needed services. If a Medicare beneficiary enrolled in a Medicare Cost Plan gets any routine services outside of the plan's network without a referral, the Medicare-covered services will be paid for under Original Medicare, and the patient will be responsible for the Original Medicare deductibles and coinsurance.

  Minnesota Department of Commerce, Insurance - Cite This Source - This Definition
  ×

  Cite Definition for Medicare Cost Plans

  American Psychological Association (APA)

  Medicare Cost Plans. (n.d.). Glossary of Health Insurance Terms. Retrieved November 27, 2022, from website: http://www.expertglossary.com/definition/medicare-cost-plans.

  Chicago Manual of Style (CMS)

  Medicare Cost Plans. mn.gov. Glossary of Health Insurance Terms. Minnesota Department of Commerce, Insurance. http://www.expertglossary.com/definition/medicare-cost-plans (accessed: November 27, 2022).

  Modern Language Association (MLA)

  "Medicare Cost Plans." Glossary of Health Insurance Terms. Minnesota Department of Commerce, Insurance. 27 November. 2022 http://www.expertglossary.com/definition/medicare-cost-plans.

• Browse Related Terms: Exclusive Provider Organization (EPO) Plan, Health Maintenance Organization, Health Maintenance Organization (HMO), In-Network provider, Managed Care, Medicare Advantage, Medicare Advantage (Medicare Part C), Medicare Cost Plans, Medicare Select Plans, Out-of-network provider, Point of Service (POS) Plans, Point-of-Service Plan (POS), Preferred Provider Organization (PPO), Primary Care Physician (PCP), Referral, Third-Party Payer