Medicare is a federally funded national health insurance program for those aged 65 and older or individuals with certain disabilities or health conditions. Medicare consists of 4 different parts. Parts A & B together are also called “Original Medicare”.
Medicare Part A is also known as Hospital Insurance. Many individuals are eligible for Part A at no premium. If not, Part A is also available to purchase for a monthly premium. There are deductible and coinsurance costs associated with Part A. Some benefits of Part A may include:
Medicare Part B is also known as Medical Insurance. There is a monthly premium for Medicare Part B. It is important to enroll in Part B when first eligible to avoid a late enrollment penalty. There is an annual deductible and coinsurance expenses. Services that may be included under Part B are:
Medicare Advantage Plans are alternatives to Original Medicare (Parts A & B) and are offered by private insurance companies.
Prescription Drug Coverage (Part D) provides coverage for prescription drugs not covered by Original Medicare. Part D plans are offered by private insurance companies. Part D may also be included in some Medicare Advantage Plans.
Medicare Supplement Insurance, also called Medigap, helps cover the expenses that Original Medicare, Parts A and B, does not. Medicare Supplement Insurance policies are offered by private insurance companies.
We do not offer every plan available in your area. Currently we represent [6] organizations which offer [2] products in your area. Please contact Medicare.gov, 1–800–MEDICARE, or your local State Health Insurance Program to get information on all of your options. Participating sales agencies represent Medicare Advantage [HMO, PPO and PFFS] organizations and stand-alone PDP prescription drug plans that are contracted with Medicare. Enrollment depends on the plan’s contract renewal. Not all plans offer all of these benefits. Benefits may vary by carrier and location. Limitations and exclusions may apply. FindMedicareQuotes not connected/endorsed by government entity. Enrollment in the described plan type may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.