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Medicare Basics
Medicare is for YOU if you are age 65 and over or receiving Social Security Benefits due to disability.
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Medicare is made up of several parts
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Medicare Part A (Hospital Insurance)
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Medicare Part B (Medical Insurance)
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Medicare Part C (Medicare Advantage Plans)
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Medicare Part D (Prescription Drug Plans).
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Medigap (Medicare Supplement)
Medicare Costs
Generally speaking, Medicare Part A and B only cover 80% of covered medical expenses. When you use healthcare services you will have deductible and coinsurance costs to pay. There is no out of pocket limit on your responsibility for Medicare Part A and B costs.
Part C, Medigap and some employer health plans are what people use to cover the 20% that Part A and B do not cover.
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Even if you plan on continuing to work, it's important to compare your employer plan side by side with your Medigap and Part C options to make sure you are not overpaying for healthcare.
These are the very-stripped-down basics, but you need a licensed health insurance agent to guide you through the many complexities of Medicare and its different parts.
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Call now to talk with Dina Ramos Hunt, a friendly licensed health insurance agent: 863.804.5028