Medicare Snapshot-What is Medicare? How do its parts work? Can I get help?
Believe it or not, only about 12% of Americans receive advice about Medicare, when 50% expect to receive it.
There are many parts when it comes to Medicare: Part A, Part B, Part C (advantage), Part D (prescription), and supplemental plans commonly referred to as Medigap insurance.
Part A has no additional monthly premiums and covers hospital stays (Inpatient Coverage)
Part B will typically have a monthly premium and covers doctor’s visits and tests (Outpatient Coverage)
Part A + Part B = 80% of all medical costs.
In order to cover the 20% that Medicare Parts A & B, do not cover you will have to choose either an advantage plan or Medicare supplement plan (Medigap). These are plans you purchase separately from traditional Medicare.
Curious as to how to know which plan(s) are right for you?
The easiest way to figure out your perfect plan is to talk to one of our licensed advisors. The best part about this is, it will not cost you a dime. You can also watch us on Youtube. This video will help you to understand Medicare, its parts and how it all works.
Alicia is a Senior Office Administrator in the Medigap industry and has 10 years experience. She is a one stop shop for answers, information and support for Medicare clients. When shes not writing you can find her in the garden.
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As an independent Medicare Supplement broker, we represent over 30 top rated carriers. including Aetna, AARP, Mutual of Omaha & Cigna. Here you can compare, consult, and apply for Medicare supplement (Medigap) insurance all in one place.