If you’re nearing retirement age, or are over 65 and still working, you may have questions about Medicare. Read on for the information you need to know.
What is Medicare?
Medicare is health insurance for people age 65 or older, under 65 with certain disabilities or any age with End-Stage Renal Disease (permanent kidney failure).
Types of Medicare
There are four types of Medicare.
Medicare Part A helps cover inpatient care in hospitals, skilled nursing facilities, and hospice and home health care. Generally there is no monthly premium if you qualify and paid Medicare taxes while working.
Medicare Part B helps cover medical services like doctors’ services, outpatient care and other medically necessary services that Part A doesn’t cover. You need to enroll in Medicare Part B and pay a monthly premium determined by your income, along with a deductible.
Many people also purchase a supplemental insurance policy, such as a Medigap plan, to handle any Part A and B coverage gaps.
Medicare Part C, also known as Medicare Advantage Plans, are combination plans managed by private insurance companies approved by Medicare. They typically are a combination of Part A, Part B and sometimes Part D coverage, but must cover medically-necessary services. These plans have discretion to assign their own copays, deductibles and coinsurance.
Medicare Part D is prescription drug coverage, and is available to everyone with Medicare. It is a separate plan provided by private Medicare-approved companies, and you must pay a monthly premium.
Let Advanced Insurance compare plans for you so you can get the Medicare Health Plan that meets your health and financial needs. No one should expect all this information to be familiar. That’s what we are here for. It can all get a little overwhelming at times, we understand. Advanced Insurance is here to assist you in the process to find what suits your individual needs. We take the time to talk to you for however long it may take until you are satisfied and comfortable with the choices. Advanced Insurance is about personal attention. You speak with a live insurance specialist, not a computer. Call us to start the process of gaining the information and attention you deserve to make the best decision about Medicare Health Insurance for you.