What Is Medicare and How Can our Medicare Insurance Agents Help You?
If you’re a senior aged 65 or over, or under the age of 65 and on permanent disability, chances are you are relying on or considering Medicare for your insurance. Medicare is a federal health insurance program that covers medical and hospital care for people that fall under these categories and is comprised of two main parts: Part A and Part B. For those thinking about enrolling in Medicare, our team at Good and Associates Insurance Services outlines the main facets of this health insurance coverage below.
Also referred to as hospital insurance, Part A is automatically given to people and their spouses who have accumulated at least 40 working quarters over the course of their life. This part of Medicare comes with no charge and goes toward covering hospital stays (meals, testing, supplies), and also extends to home care such as physical therapy.
Medicare’s Part B is helps cover health care outside of the hospital, including office visits, testing, outpatient physical therapy, home health care, and other services including chemotherapy and blood transfusions. For those with an income under $85,000 per year, monthly premiums for Part B are currently around $109. As income increases, so too does this rate.
Within the confines of original Medicare Parts A and Part B, there are two available options for seniors: Medicare Supplement/Medigap and Medicare Advantage. Medigap is designed for those that want to cover the “gaps” not covered by their Part A and Part B plans. These plans are offered through the following appointed carrier partners:
- Blue Shield of California
- Health Net
- Anthem Blue Cross
- United Health/AARP
In these situations, members receive the benefits of their Part A and Part B Medicare as well as other additional benefits not covered, such as hospital deductibles, hospital and outpatient coinsurance and office visit copays. However, it’s important to note that outpatient prescription drugs are not included in a Medigap/Medicare supplement plan, so if you want drug coverage you must invest in a separate Part D plan, which we will also be glad to help you with. Note that Medicare Advantage plans typically have Part D built into the plan.
As we age, we will inevitably face health problems and have to deal with their repercussions. In order to cope with them as best as possible, proper health coverage is essential. For seniors looking for comprehensive Rancho Cucamonga health insurance, our Insurance Agents at Good and Associates Insurance Services can help you determine the best Medicare plan for you. For further questions or concerns, give us a call at (800) 429-9900.