Medicare Explained
Choose an insurance agent who understands all the ins and outs of Medicare.
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What Is Medicare?
Medicare is health insurance for people age 65 or older, people under 65 with certain disabilities, and people of any age with End-Stage Renal Disease (ESRD). There are 4 parts to Medicare, and then there are Medicare Supplement (Medigap) plans. A general understanding of these parts—and your primary options—will help keep you informed as you begin your Medicare journey.
Parts of Medicare
Part A
Medicare Part A is your inpatient hospital insurance. It’s designed to cover treatment in hospitals, skilled nursing facilities, and hospices. Part A may also provide coverage for long-term care for a limited number of days. Depending on your circumstances, Part A may help pay for home health care.
Part B
Medicare Part B is your medical insurance, aka doctors coverage, for medically necessary and preventative health services. It can cover the cost of ambulance services, durable medical equipment, and some mental health services. Parts A and Part B are known as Original Medicare.
Part C
Part C is Medicare Advantage. These health plans are a private version of Medicare that provides your hospital and doctors coverage and may include additional benefits like dental and vision care, hearing aids, and prescriptions. See if a $0 premium plan is available in your area!
Part D
Part D helps with the cost of prescription drugs that you self-administer. Depending on your area, there may several drug plans available. Your Golden Medicare Solutions agent can find you a plan that covers the meds you take. Low-income folks may qualify for the Extra Help program.
Your Two Primary Options
So there are 4 parts of Medicare. You choose how to get your benefits. If you frequently go to hospitals or see doctors, you will discover that Parts A and B come with out-of-pocket costs. Medicare is not free!
Your Original Medicare is basic and will cover about 80% of expenses when you seek care. To help with that other 20%, you can add a Medicare Supplement (Medigap) plan to Original Medicare or join a Medicare Advantage (Part C) plan. These options can be confusing. And we will be glad to help you understand them as clearly as possible!
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Talk with us.
Now that you have a basic understanding of Medicare, it’s time to talk about your health needs. Set up a no-cost, no-obligation appointment with one of our licensed agents.