How to Understand Medicare Plans:
When does Medicare start: at age 65. You can sign up for Medicare 3 months prior to the month of your birthday. If you are on Social Security you should automatically get your card in the mail. If you are still working you must determine if you need Part B and where to go from there.
Part A: This is your Hospital Insurance
Most people qualify for this and it generally has a zero premium if you or a spouse has worked for 10 years. It helps pay for inpatient hospital care, skilled nursing facility, hospice, and home health care.
Part B: This is your Medical Insurance.
Most people do need to get Part B and there is a premium for it, if on Social Security it will come directly out of your check. Part B helps pay for covered doctor’s services, lab work, testing’s, durable medical equipment and preventative services. It does not cover dental, the majority of vision, hearing or prescription drugs.
Here is where I become your Assistant.
If you are feeling confused and stressed out stop reading and call me directly at (810) 513-1507
Now Let’s Talk About Part C
Part C: You have two options:
Option 1 - Medicare Advantage Plans:
Offers medical coverage through a network of providers, such as an HMO or PPO, that is an alternative to Original Medicare (Parts A & B). They generally offer some dental, vision, hearing and can also include your prescriptions.
Option 2- Medicare Supplement Plans (Medigap):
It is a supplement to your Original Medicare and helps pay for expenses beyond what is covered by Medicare. They are standardized by the Federal Government and have no networks. They do not cover your prescription drugs.
Last One, Part D
Part D: Prescription Drugs
Helps pay for covered prescription medications. This can be included in a Medicare Advantage Plan but has to be picked up as a separate policy with a Medicare Supplement or Medigap Plan. If you do not enroll when you are first eligible you may have to pay a penalty later.
Please Call me at (810) 513-1507 or you can email me at email@example.com if you have any questions.
I know this is a lot to understand and that is why I am ready for your phone call or email. This will allow me to make your transition go smoothly into Medicare. I am here to work with you as a Medicare beneficiary but also your supportive family.