Everything You Need To Know About Medicare
Medicare is a federal health insurance program that provides coverage to eligible individuals age 65 and older and certain younger people with disabilities. Medicare coverage includes a range of medical services and supplies, including hospitalization, doctor visits, prescription drugs, preventive care, and home health care. Act on two or more of the offers below for the best results!
Medicare is made up of four parts: Part A, Part B, Part C, and Part D. Each part covers different services and has different rules and costs.
You can get Medicare coverage through Original Medicare (Parts A and B), or a Medicare Advantage Plan (Part C). You can also get prescription drug coverage through a stand-alone Prescription Drug Plan (Part D) or as part of a Medicare Advantage Plan or Original Medicare.
What Does Medicare Cover?
Medicare Part A (Hospital Insurance) covers inpatient hospital care, skilled nursing facility care, hospice care, and home health care.
Medicare Part B (Medical Insurance) covers doctor visits, preventive services, durable medical equipment, mental health services, and some home health care.
Medicare Part C (Medicare Advantage) is an alternative to Original Medicare that includes all of the benefits of Parts A and B, plus additional benefits such as routine vision, dental, and prescription drug coverage. Medicare Advantage Plans are offered by private insurance companies approved by Medicare.
Medicare Part D (Prescription Drug Coverage) helps cover the cost of prescription drugs. Prescription drug coverage is available through stand-alone Prescription Drug Plans or as part of a Medicare Advantage Plan.
What Does Medicare Cost?
The cost of Medicare depends on which parts you have and how often you use them. Most people who have Medicare pay monthly premiums for Part B and, if they choose to enroll in a Medicare Advantage Plan or a Prescription Drug Plan, they pay additional premiums for those plans. In addition to monthly premiums, you may also have annual deductibles and copayments or coinsurance for the services you receive.
How Do I Get Medicare Coverage?
You can enroll in Original Medicare (Parts A and B) or a Medicare Advantage Plan (Part C) through the Social Security Administration if you are eligible for Medicare. You can also enroll in a Prescription Drug Plan (Part D) through private insurance companies approved by Medicare.
If you are already receiving Social Security benefits, you will be automatically enrolled in Original Medicare when you turn 65. If you are not receiving Social Security benefits, you can enroll online or by calling the Social Security Administration at 1-800-772-1213.
You can also contact your state Medicaid office or the Department of Health and Human Services to learn more about Medicaid coverage.
What Is Medigap Insurance?
Medigap Insurance is the same as Medicare Advantage Plan.
Medicare Advantage is a type of health insurance that private companies approved by Medicare offer. Medicare Advantage plans provide all of the benefits of Original Medicare (Parts A and B) and may also include extra benefits, such as prescription drug coverage, vision, and dental care.
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