Medicare is a vital program for millions of Americans. Critically, it provides seniors and those with disabilities with health insurance coverage. However, Medicare can be confusing to understand. It’s time to review the basics of Medicare, including what it covers, how much it costs, and how to apply for Medicare.
Here Good and Associates insurance services Chino also discusses supplemental coverage options so that you can make the best decision for your needs.
The Fundamentals of Medicare
Medicare is a federal health insurance program. It’s primarily for people age 65 or older, though younger people with disabilities may also qualify. There are four parts to Medicare:
– Part A covers inpatient hospital stays, skilled nursing facility care, hospice care, and home health care.
– Part B covers outpatient medical care, such as doctor’s visits, preventive services, and some home health care.
– Part C is known as Medicare Advantage. It’s an alternative to Parts A and B that typically includes prescription drug coverage.
– Part D covers prescription drugs.
How to Apply for Medicare
You can apply for Medicare online, by phone, or in person at your local Social Security office. If you’re already receiving benefits from Social Security or the Railroad Retirement Board, you’ll automatically be enrolled in Part A and Part B starting the first day of the month you turn 65.
If you’re not sure about applying for Medicare, it’s best to sign up with a representative that can guide you through the whole process.
What Does Medicare Cost?
There’s no single answer to this question because Medicare costs vary depending on which parts you have and whether you have supplemental coverage.
Part A is free for most people, but there is a monthly premium for Part B. Some people pay more or less depending on their income.
You may also have to pay deductibles, coinsurance, and copayments for some services.
Supplemental Coverage Options
There are a number of supplemental coverage options available to help cover the costs that Medicare doesn’t. The most popular option is a Medicare Advantage plan. These plans are offered by private insurance companies and must provide at least the same level of coverage as Parts A and B. Other supplemental options include Medigap plans, which help cover out-of-pocket costs and prescription drug plans.
Making the Right Choice for You to Apply for Medicare
Choosing the right Medicare coverage can be a difficult decision. Be sure to do your research and understand exactly what is and isn’t covered under each option. If you have any questions, don’t hesitate to contact Good and Associates for help.
Our medicare insurance agents have the experience to help you apply for Medicare and get the most out of your health insurance for years to come!