We can help you cut through the confusion of Medicare options.
Medicare is a Federal program that provides health insurance for people 65+ and other people with
certain disabilities. Original Medicare is made up of Part A (hospital insurance) and Part B (medical
insurance covering doctor visits and treatments).
Original Medicare was designed to cover some aspects healthcare once you turn 65 (or due to certain disabilities) but it does not cover everything. That is why you may choose to get additional coverage such as a Supplemental Plan or a Medicare Advantage plan.
Medicare Plan Types:
Part A provides coverage for inpatient care, skilled nursing, and hospice, to name a few. If you have worked 40 quarters or more, Part A is generally an entitlement and does not have a monthly premium cost.
Part B provides coverage for doctor visits, preventative care, treatments, and outpatient
services. Part B does have a monthly premium cost that is adjusted on an annual basis and
varies based on income.
Part C otherwise known as Medicare Advantage, plans are convenient, all-in-one plans offered
through private insurance companies. Medicare Advantage plans generally include benefits
for Parts A and B, and Part D prescription coverage. They also may include additional benefits such as dental, vision, and hearing.
Part D provides prescription drug coverage. Part D plans can be purchased as part of a Medicare Advantage plan or can be purchased as a stand-alone plan.
Medicare Supplemental Plans: Also known as Medigap plans, will cover many of the out-of-pocket expenses that Original Medicare does not cover. Prescription Drug Coverage is not
You can also visit the Medicare website for general plan information.