Navigating Medicare can be daunting, but we're here to simplify the process. Medicare, a federally-funded program, offers affordable medical insurance to individuals aged 65 or older and certain younger individuals with disabilities. Here's an overview of its benefits, coverage options, and eligibility criteria.
Medicare comprises distinct parts:
Medicare Part A: Hospital Insurance covers inpatient hospital stays, skilled nursing facility care, hospice care, and some Home health services. Most individuals don’t pay a premium for Part A if they or their spouse paid Medicare taxes while working.
Medicare Part B: Medical Insurance covers doctors' services, outpatient care, medical supplies, and preventive services. It requires a monthly premium based on income, ensuring comprehensive healthcare coverage.
Medicare Part C: Medicare Advantage Plans combine Parts A and B coverage and are offered by private insurance companies approved by Medicare. These plans often include additional benefits like prescription drug coverage (Part D) and may have varied costs and coverage rules.
Medicare Part D: Prescription Drug Coverage provides coverage for prescription drugs. It can be added to Original Medicare or included in a Medicare Advantage Plan, offering different costs and coverage based on the plan.
Eligibility for Medicare includes being 65 or older, receiving Social Security Disability Insurance for 24 months, or having end-stage renal disease or amyotrophic lateral sclerosis. Medicare offers broad coverage, nationwide access to healthcare providers, cost-effective options, and additional benefits through Medicare Advantage Plans. Our agency's professionals are dedicated to guiding you through Medicare's complexities and finding the best coverage options for your needs. Contact us today to begin your Medicare journey!