Medicare is a Health Insurance Program for:
- people 65 years of age and older
- some people with disabilities, under 65 years of age
- people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant)
Medicare has four parts:
- Part A (Hospital Insurance) - most people don't have to pay for Part A
- helps pay for inpatient hospital care, skilled nursing care following hospital stay
- Part B (Medical Insurance) - most people pay monthly for Part B
- helps pay for doctor’s services, outpatient hospital care
- Part C (Medicare Advantage Plans) – includes Part A, Part B, and usually other coverage including prescription drugs
- plans are run by private insurance companies approved by Medicare
- Part D (Medicare Prescription Drug Coverage)
- helps cover the cost of prescription drugs
Medigap insurance/Medicare supplement insurance is sold by private insurance companies that fill in benefit “gaps” of Original Medicare, such as out-of-pocket costs for Medicare coinsurance and deductibles, or for services not covered by Medicare. Medicare supplements are standardized and named by the letters A through L (changing to N in 2010). Each plan has a different range of coverage and varies by state.
Contact our office today to determine what type of supplement is best for you!
 Click here to download your free copy of 2009 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare.
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