Medicare

 

What Is Medicare?

Medicare is health insurance for:

  • People 65 or older

  • Certain people under 65 with disabilities

  • People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)

 

What Are the Parts of Medicare?

Part A: (Hospital Insurance)

 

Helps Cover:

  • Inpatient care in hospitals

  • Skilled Nursing facility care

  • Hospice Care

  • Home health Care

 

Part B: (Medical Insurance)

 

Helps Cover:

  • Services from doctors and other health care providers

  • Outpatient care

  • Home health care

  • Durable medical equipment (wheelchairs, walkers, hospital beds, and other equipment)

  • Many preventive services (like screenings, shots or vaccines and yearly “wellness” visits)

 

Part D: (Drug Coverage)

 

  • Helps cover the cost of prescription drugs (including many recommended shots or vaccines)

  • Plans that offer Medicare drug coverage are run by private insurance companies that follow rules set by Medicare

 

Part C: Medicare Advantage

 

  • Medicare Advantage is an “all in one” alternative to Original Medicaire. These “bundled” plans include Part A, Part B, and usually Part D

  • Plans may have lower out-of-pocket costs than Original Medicare

  • In many cases, you’ll need to use doctors who are in the plan’s network

  • Most plans offer extra benefits that Original Medicare does not cover - like vision, hearing, dental and more.

  • These plans are offered by Medicare-approved private companies that must follow rules set by Medicare

What’s a Medigap policy?

A Medigap policy is an insurance policy that helps supplement Original Medicare and is sold by private companies. A Medigiap policy can help pay some of the remaining health care costs that Original Medicare doesn't pay for covered services and supplies, like copayments, coinsurance, and deductibles. Original Medicare pays for much, but not all, of the cost for covered health care services and supplies. These are “gaps” in Medicare coverage.

Medicare is Not “One-Size Fits All”.

Contact a team member today for detailed information and education on all your Medicare options. Every individual has a unique situation which requires a tailored plan. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.