Medicare senior products are part of several government-sponsored health insurance programs available to most people aged 65 or older and who have paid into Social Security. There are several sections with differing costs and choices.
Part A covers hospital treatment costs. In most cases there’s no premium payment, but recipients pay a deductible and also pay some coinsurance depending upon their medical treatments throughout the year.
Part B covers medical treatments outside of hospitals. Part B has an annual premium that is dependent on the recipient’s income and Social Security benefits. Recipients also pay a deductible and coinsurance.
Medicare recipients can also opt to take out a Medicare Advantage plan—sometimes called Part C. This means that the recipients will still pay for the Part B premium, but will get more choice over the balance of costs (premium, deductible and coinsurance) and coverage. They may also get coverage for services such as vision, hearing and dental that aren’t covered by ordinary Medicare.
Whichever plan you choose, the costs of prescription drugs are covered by Part D.
Not knowing the options available to you, or your loved ones, can be frightening. This journey doesn’t have to be a crash course in learning about Medicare. Don’t worry about the unknown – let us help.
Products Available:
- Medicare Supplements
- Medicare Advantage Plans
- Prescription Part D Plans