What’s Medicare?
Medicare is health insurance for:
- People 65 or older
- People under 65 with certain disabilities
- People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)
The Different Parts of Medicare
The different parts of Medicare help cover specific services:
Medicare Part A (Hospital Insurance) helps cover
- Inpatient care in hospitals
- Skilled nursing facility, hospice and home health care
Medicare Part B (Medical Insurance) helps cover
- Services from doctors and other health care providers, hospital outpatient care, durable medical equipment, and home health care
- Preventive services to help maintain your health and to keep certain illnesses from getting worse
Medicare Part C (Medicare Advantage)
- Includes all benefits and services covered under Part A and Part B
- Run by Medicare-approved private insurance companies
- Usually includes Medicare prescription drug coverage (Part D) as part of the plan
- May include extra benefits and services for an extra cost
Medicare Part D (Medicare Prescription Drug Coverage)
- Helps cover the cost of outpatient prescription drugs
- Run by Medicare-approved private insurance companies
- May help lower your prescription drug costs and help protect against higher costs in the future
- Go to www.medicare.gov to search for a Part D plan that fits your needs
A Medicare Supplement Policy or Medigap is private health insurance that helps supplement Original Medicare (Parts A & B). This means it helps pay some of the health care costs that Original Medicare does not cover (like copayments, coinsurance, and deductibles). These are “gaps” in Medicare coverage.
You pay the same monthly price whether you deal directly with the insurance company or whether you seek assistance from a health insurance professional.
Confused by the different Medicare choices?
We can help!
Call us at 609-386-5668 or
Email us at debbie@abateinsurance.com