Medicare, Medigap & Medicare Advantage Information
What Is Medicare?
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Medicare is health insurance for the following:
- People 65 or older
- People under 65 with certain disabilities
- People of any age with End-Stage Renal Disease (ESRD)
When can I sign up for Medicare?
| 3 months before the month you turn 65 |
2 months before the month you turn 65 |
1 month before the month you turn 65 |
The month you turn 65 | 1 month after the month you turn 65 |
2 months after the month you turn 65 |
3 months after the month you turn 65 |
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Sign up early to avoid a delay in getting coverage for Part B services. To get Part B coverage the month you turn 65, you must sign up during the 3 months prior to the month you turn 65. |
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What does Medicare Cover & What does it Cost?
- Part A
- Hospital
Insurance is part of Original Medicare from the government
- Most people don’t pay a Part A premium because they paid Medicare taxes while working
- Detailed Information Click Here
- Part B
- Medical Insurance
is part of Original Medicare from the government
- If you have Part B, you pay a Part B premium each month.
- Detailed Information Click Here
- Part C - Also known as Medicare Advantage
- Medicare Advantage is NOT a government program
- Medicare Advantage (MA) Plans are health plan options approved by Medicare and offered by private insurance companies that are contracted by the federal government.
- Medicare Advantage Plans cover all Medicare Part A and Part B benefits that original medicare covers and many plans cover even more including presription drugs
- Some plans have NO additional premium you are only required to pay your Part B premium
- Part C Medicare Advantage detailed Information Click Here
- Part D - Prescription Drug Plans or PDP
- Provide coverage for prescription drugs
- Plans are run by Medicare-approved private insurance companies
- Have an additional Premium* Many people qualify to get Extra Help paying their Medicare prescription drug costs but don’t know it.
- Each plan can vary in cost and drugs covered.
- Part D Detailed Information Click Here
What are my choices and how do I sign up? Help me Choose!
- Simple steps to deciding what you need for your situation click here
What is Medigap/Medicare Supplement Insurance
- Covers what medicare doesn't pay
- Medicare Supplement or Medigap Plans offered by private insurance companies
- There are up to 12 different standardized Medigap plans (Plans A through L)*
- Each plan each plan has a different set of basic and extra benefits
- Each plan is standardized so all company plans provide the same benefits
- Each insurance company decides which Medigap policies it wants to sell
- Although each plan is the same for all insurance companies, the costs vary
- You will have to pay a premium to the Medigap insurance company
- *For more Info on Medigap Insurance Click Here