Medicare is a federal government funded program aimed to help adults over the age of 65 to receive Medicare Health Insurance. It also provides health insurance for disabled adults under 65 and anyone who has been diagnosed with End-Stage Renal Disease (permanent kidney failure).
Is hospital insurance, which includes help paying for inpatient hospital care, a skilled nursing facility, limited home health, and hospice care.
Is medical insurance, which contributes toward doctor services and outpatient care such as diagnostic tests, ambulance rides, and preventative care. Preventative care includes things like pap tests and mammograms as well as medical equipment and supplies. You will pay a premium each month for Part B. The cost will either be taken out of your social security if you are getting those benefits or you will receive a bill. Your income determines your premium.
These two offerings make up what is called original Medicare. And where this can cover a significant portion of your medical insurance needs, this will not cover all of your medical costs. With the extra cost, some people want to consider how to get those additional costs covered through Medicare Parts C and D
One of the options you will be considering when looking at Medicare is if you will want to receive original Medicare Insurance (Parts A and B) and Medicare Advantage (part C). So what is the advantage to Medicare Advantage, if there is an advantage at all?
Both of these options will cover many of the same services; it is a matter of deciding what will be the best for you and your health.
First, a person eligible for Medicare must enroll in Original Medicare, those are Medicare Parts A & B. We explain to our clients what Medicare A & B cover, and what it does NOT cover.
See the chart below and call us for an in depth Medicare 101 class / meeting.
Helps pay some of the out-of-pocket costs not paid by Original Medicare
Helps pay for prescription drugs