As you approach retirement age, it’s time to start thinking about your medical future. In most cases, you’ll qualify for Medicare at age 65, and it can provide for your medical insurance needs for the rest of your life. However, Medicare is complicated, and navigating your many coverage options can be difficult.
That’s why people in Chino Hills, CA, turn to Good & Associates. We’re highly qualified insurance brokers working within the Covered California system, ready to help you make the best possible decisions for your Medicare coverage. Whether you’re signing up for the first time or making use of the annual open enrollment period to change your coverage, Good & Associates can be your partners throughout the process.
What Is Medicare?
Medicare is a state-funded insurance program intended for retirees aged 65 or over, as well as certain other people with disabilities. Medicare is designed to provide for your medical needs during old age, with affordable premiums that can fit into limited budgets. As your medical needs change over time, you will also have the ability to change your plans and coverage to best improve your quality of living.
What Is in Medicare?
Medicare is made up of four “Parts” which add up to full health coverage:
- Part A covers hospitalization, including nursing facilities, hospice care, and even some home care options.
- Part B is medical insurance, covering visits to doctor’s offices, medical supplies, outpatient care, and preventative measures.
- Part C, also called Medicare Advantage, are privately-run insurance programs within the Medicare system which can be used to enhance coverage or add custom options.
- Part D covers prescription drugs, based on provided lists of needed prescriptions.
How Does Medicare Work?
All enrollees must use Parts A and B at a minimum. Part A is typically free as part of your Medicare benefits, while Part B requires monthly premiums and a deductible, as with most insurance. The exact costs will vary depending on your coverage and your income, with prices sliding based on your ability to pay. Part D may also be added to the coverage set, for an additional charge.
Medicare Advantage can also be used as an alternative and can add other types of health insurance such as vision or dental. Some Medicare Advantage plans include prescription coverage as well, eliminating the need for separate Part D coverage.
Good and Associates
In short, you have many choices in how your Medicare plan will work – and Good and Associates makes it easier to understand your options. If it’s time to think about Medicare in Chino Hills, contact us today for a free quote.