Before you dig into secondary Medicare coverage options, you may be looking for original Medicare information. Here are the facts.
- Medicare is a federal health insurance program for people 65 or older, as well as certain younger individuals with disabilities and people with End-Stage Renal disease (ESRD).
- Medicare typically covers only 80% of approved cost after deductibles have been satisfied by the Medicare beneficiary.
- In most cases, individuals will enroll in additional coverage to help offset the cost left behind.
There are four Medicare parts:
Part AHospital Coverage
Typically no premium based on Medicare taxes paid. If applicable, late enrollment penalty could apply.
Part BMedical Coverage
For folks new to Medicare in 2018, the average Part B premium is $134. Part B premium can vary based on time of enrollment, applicable penalties and income level.
Part CMedicare Advantage Plans
Medicare Advantage Plans provide optional coverage through private insurance companies, premiums vary.
Part DPrescription Drug Coverage
Optional coverage to assist with costs of Rx’s. If applicable, late enrollment penalty could apply.
To shed some additional light on the subject, we’ve assembled these complimentary resources to provide original Medicare information to seniors. These resources will help you understand what original Medicare offers and give you an idea of what Medigap or Medicare Advantage options you may want to consider.
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At Senior HealthCare Solutions, we take the time to assess your situation and review all plans to see which will be the best fit for you. To compare Medicare Supplement Quotes and find the best Medicare Supplement Plan in your area, call us today by dialing 1-866-MEDIGAP (633-4427) or complete our Contact Form and one of our licensed advisers will be in touch.