Your Local Insurance Advocates
We are a full-service agency providing members with insurance solutions, guidance and support.
Medicare is a government funded health insurance program designed to serve people over the age of 65 and younger individuals with disabilities, or End Stage Renal Disease.
Medicare helps with a portion of the costs associated with hospitalization, doctors visits, medical equipment and prescriptions drugs. “Traditional Medicare”, as it is sometimes called, generally pays 80% of covered services. Medicare Beneficiaries (people who are entitled to, and enrolled in Medicare) are generally responsible for the remaining 20%.
There are options to help cover the Medicare beneficiary’s portion of Medicare covered expenses
(the 20% co-insurance as it’s often referred to).
Call us to speak to your insurance advocate and learn more about how Medicare Advantage, Medicare Supplements and Prescription Drug Plans can help reduce out of pocket expenses.
Understanding the Basics – Medicare 101
Medicare Overview
The A, B, C, D’s of Medicare.
This is a very common question, and one that is extremely important.
There are 4 different parts to Medicare, and depending which parts you qualify for, you’re entitled to the coverage under those.
So what does each part cover? We recommend speaking to one of our experienced Local Insurance Advocates for more in depth information—however, here’s a quick rundown:
Part A – covers hospitalization, skilled nursing facilities (post hospitalization), hospice care and some home health services.
Part B – covers medically necessary “medical expenses”. This includes doctor’s services, outpatient care, preventative care and medical equipment.
Part C – is an agreement between Medicare and a private insurance company (contracted with Medicare), to administer Part A, B and often Part D on behalf of the government. This is also called Medicare Advantage.
Part D – covers the cost of some prescription drugs* and is also administered by private insurance companies.