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Medicare is a national health insurance program sponsored by the federal government for Americans over age 65, as well as those under 65 with qualified disabilities.
Medicare consists of four “parts” - A. B. C. D.
Original Medicare
Medicare Part A, or hospital insurance, helps pay for some inpatient hospital services, limited skilled nursing + hospice care. Medicare Part A is premium-free, if you or your spouse have worked 40 qtrs in your lifetime.
Medicare Part B, or medical insurance, helps pay for some outpatient services + other specified medical services, not covered by Part A. Medicare Part B has a standard monthly premium based on your income.
Understanding what each part of Medicare covers + does not cover can be confusing.
That’s where I come in!
Medicare Part C
Medicare Part C, also known as Medicare Advantage, is offered by private insurance companies as an alternative to Original Medicare. These plans combine Part A, Part B and typically Part D into a single, convenient plan. They cover the same expenses as Medicare, with many offering extra coverage for dental, hearing and vision. While Medicare Advantage plans usually cover stuff that Medicare does not, out-of-pocket expenses and copays can run higher. They also typically provide fewer choices for covered healthcare providers.
Medicare Part D
Medicare Part D, also known as a Prescription Drug plan, helps pay for prescription medications. Medicare Part D is offered through private insurance companies and the coverage for each medication varies each year based on the company and plan. This is why it’s important to review your prescription drug plan with an experienced Medicare broker annually.
Medicare Supplement
Medicare Supplement Plans, or Medigap, are plans designed to “supplement” Original Medicare. They are designed to cover specific healthcare costs that are not covered by Medicare Parts A and B. Medigap premiums depend on the insurer, where you live and the exact plan. To enroll in a Medicare Supplement Plan, you must be enrolled in Original Medicare. These plans can ultimately save you a lot of money by helping to pay for things like copayments, coinsurance and deductibles.
I'm here to answer your questions + educate you on the basics of Medicare, all the different plan options available to you + ways to save money on out-of-pocket costs for medical + prescription drug expenses.
To simplify the Medicare process even more, I offer virtual + in-person appointments, as well as free monthly educational seminars.
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