Medicare is a word you have heard all over the place. If you are approaching age 65 you may be wondering what exactly Medicare is and what it covers. In simple terms, Medicare is a federal insurance program for people 65 or older and for some people with disabilities. There is an abundance of information out there so we have compiled it in the most straightforward way possible for you to understand. Medicare is composed of four parts as outlined below.
Part A – This part covers the big stuff, hospital stays, nursing homes, home health, and hospice.
Part B – This part covers doctor visits, including preventative services and outpatient, as well as medical supplies.
Part C – Also referred to as a Medicare Advantage Plan and is available from a private insurance company. Typically covers Medicare covered services, most plans will cover prescription drugs and may offer additional benefits such as dental, vision, gym memberships and other health related services.
Part D – This part is where you would obtain coverage for your prescriptions. This is also purchased through a private company.
When looking at all of your Medicare options it is important to select the right plan for you. Not only based on what you can afford, but also what you need based on your medical history. We know that insurance can be confusing since it gives you so many coverages, but then excludes certain things. We can help you sort through what is covered and what is not, and help you supplement with the other Medicare parts discussed above. Also, if you have Medicare plans already we can review them. We have a team of experts who have had extensive training to be able to assist you.