Medicare 101

Medicare is the federal health insurance program for people who are age 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD).

The different parts of Medicare help cover specific services:

Medicare Part A covers impatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care.
Typically 80% after a deductible

Medicare Part B covers certain doctors’ services, outpatient care, medical supplies, and preventative services.
Typically 80% after a deductible

Medicare Part C (Medicare Advantage Plans) is a type of Medicare health plan offered by private insurance companies that contract with Medicare to provide you with all your Part A and Part B benefits.  Medicare Advantage Plans include Health Maintenance Organizations (HMO), Preferred Provider Organizations (PPO) Private-Fee-For-Service Plans (PFFS), Special Needs Plans (SNP), and Medicare Medical Savings Account Plans (MSA).  If you’re enrolled in a Medicare Advantage Plan, Medicare services are covered through the plan and aren’t paid for under Original Medicare.  Most Medicare Advantage Plans offer prescription drug coverage.

Medicare Part D (prescription drug coverage) adds prescription drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private-Fee-For-Service Plans, and Medicare Medical Savings Account Plans.  These plans are offered by insurance companies and other private companies approved by Medicare.  Medicare Advantage Plans may also offer prescription drug coverage that follows the same rules as Medicare Prescription Drug Plans.  ENROLL INTO PART D BY CLICKING HERE

WHAT YOU NEED TO KNOW

If you do not have a Medigap Plan (Medicare Supplement), you are responsible for everything that is not covered by Medicare!! A supplement will help pay your Medicare deductibles and coinsurance.

There are different Medicare supplements to choose from, which are all standardized by Medicare.  Different insurance companies offer different premiums for the exact same coverage.  So Plan F with one company is the same as Plan F with a different company.  There is a lot of overwhelming information that can make it frustrating in choosing the right coverage or company.

This is where we come in.  We can do it all for you, for FREE!  We provide unbiased, personalized information in helping you with the process of making the right decision in which company to choose from.  We do not have any loyalty towards any one particular company.  Our loyalty is to you!

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