Medicare is a health insurance program that is federally facilitated for people age of 65 or older and certain younger people with disabilities or End-Stage Renal Disease. It can be used as sole health insurance coverage or as a backup coverage to an existing insurance plan. There are four different parts of Medicare called Part A, B, C, and D.
Part A is used to help pay hospital bills. There is typically no premium for Part A coverage if you or your spouse (depending on your marital status and length of time in the marriage) paid Medicare taxes for a certain amount of time.
Part B is used to help pay for doctor visits and other medically necessary services, including many preventative services, partial hospitalization, durable medical equipment, ambulance services, and more.
Part C, AKA Medicare Advantage, covers doctor and hospital visits and most cover prescription drugs. It includes all the benefits of A and B, except for hospice care (covered by Original Medicare).
Part D is a private plan that helps people who have Part A and B pay for their prescription drugs.
Medicare supplement insurance can be used to help pay for any expenses that Original Medicare doesn’t cover, such as deductibles, copays, and coinsurances. ere are 10 standard supplement plans, but the most popular one is Medicare Plan F because it provides the most coverage.
With so many options available, enlisting a professional can be incredibly beneficial. Roni Bell HealthMarkets Agency in Brunswick, Ohio, specializes in helping people navigate the many options of Medicare!
HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and the District of Columbia. Not all agents are licensed to sell all products. Service and product availability varies by state. No cost or obligation to enroll. Medicare has neither reviewed nor endorsed this information. This information is not a complete description of benefits.