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What is Medicare?
Medicare is the United States federal health insurance program that provides eligible Americans with affordable health care. Through the Medicare program, beneficiaries can get subsidized treatments, medicine, and medical services.Â
If you are an American citizen who is 65 years of age and older, a young person with disabilities, or have End-Stage Renal Disease (ESRD), you can enroll in Medicare.
Navigating the Complexities of Medicare Part D: Prescription Drug Coverage
Introduction to Medicare Part D Medicare Part D offers prescription drug coverage through private insurance plans approved by Medicare. Beneficiaries can choose either a standalone
Unlocking the Power of Medicare Supplement Insurance (Medigap)
What is Medigap? Medigap is simply another name for Medicare Supplement Insurance. It pays for all or part of the bills that original Medicare has
Beyond Original Medicare: An Examination of Medicare Advantage Plans
Benefits of Medicare Advantage Medicare Advantage plans roll Medicare Part A, B, and often D all into one comprehensive health plan. These plans usually have
Demystifying Medicare: Understanding Parts A, B, C, and D
Medicare Part A: Hospital Insurance Following is your roadmap to easily telling how Medicare is structured: Medicare Part A helps to pay for inpatient care
What Is Medicare Tax?
Everything you need to know about Medicare tax and its implications.
How Does Medicare Work?
When you enroll in Medicare, you receive a Medicare card tied to your Social Security number that allows you to receive medical services, tests, treatment, and drugs at discounted rates.Â
Once you enroll, you can access Medicare benefits at public health facilities and approved Medicare providers anywhere in the country.
As a Medicare enrollee, some of the benefits you’ll get, include:
- Certain preventative services for free.
- 80% coverage of your approved Part B expenses.
- Coverage for up to 60 days of hospital care before you pay.Â
- Coverage for approved durable medical equipment(DME).
Enrolling in the federal health program is a great move to lower your health care costs and manage your quality of life as you get older.
What Are the Parts of Medicare?
People have unique health care requirements and Medicare is set up to ensure that they get the coverage they need.
There are four parts to Medicare that cover different types of medical costs and treatment.
- Medicare Part A covers hospital and inpatient care.
- Medicare Part B covers outpatient treatment and preventative care for enrollees.
- Medicare Part C, or Medicare Advantage, is private health insurance for seniors with the same coverage as Original Medicare along with some added benefits.
- Medicare Part D covers self-administered prescription medication.
There are also different types of coverage options for Medicare-eligible individuals. Let’s take a look at them:
Original Medicare is government-run and covers Medicare Part A and Part B expenses.
Medicare Advantage is private health coverage for seniors that covers Part A, Part B, and, in some cases, Part D expenses. These plans offer additional benefits such as Medicare flex cards and access to gym memberships (SilverSneakers).
Medicare Supplement Insurance or Medigap helps pay for out-of-pocket costs not covered by Original Medicare.
Stand-Alone Prescription Drug Plans or Part D Plans will help you pay for prescription medication costs that aren’t covered by Medicare.
If you want to learn more about the different parts of Medicare, be sure to read our latest guides.
Is Medicare Coverage the Same for Everyone?
If you’re on Original Medicare, you can expect the same level of care and treatment anywhere in the U.S. Medicare Advantage Plans provide the same level of coverage as Original Medicare and usually offer additional benefits like dental, vision, and hearing cover.
If you decide to get private Medicare coverage through a Medicare Advantage Plan, there are additional costs you’ll need to pay on top of your Original Medicare expenses.Â
Your monthly premiums will depend on the type of plan you buy and the benefits offered.Â
If you’re interested in finding an affordable plan in your area, be sure to reach out to one of our agents and use our Medicare plan finder.
Call now to speak with a licensed insurance agent at
(800) XXX-XXXX TTY 711
Secure your family’s future today. Let us guide you through your life insurance options and provide peace of mind for you and your loved ones.
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