Medicare Supplemental Insurance

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Medicare Basics

Medicare is a Federal government-sponsored health program for Americans over age 65 and people under 65 with qualified disabilities.

Medicare has four “parts” A, B, C and D, as well as Medicare Supplement (Medigap) plans F and G.

Part A: Hospital Insurance
Part A helps pay for some, but not all, inpatient hospital care, limited skilled nursing care, hospice care and other specified services.

Part B: Outpatient Insurance
Part B helps pay for some, but not all, doctors’ fees, outpatient hospital visits and other specified medical services and supplies not covered by Part A.

Part C: Private Medicare Advantage
Medicare Advantage, also known as Medicare Part C, is offered by private companies as an alternative to Medicare Parts A and B. These plans cover the same expenses as Medicare. Sometimes they also include more coverage than Medicare, for example hearing or dental benefits. While some Medicare Advantage plans feature zero or low premiums, nearly all include significant co-payments at the time of service. This can make budgeting for healthcare costs more difficult. In addition, your healthcare provider choices are often limited.

Part D: Prescription Drug Insurance
Prescription drug plans or PDPs, help pay the cost of prescription medications. PDPs are offered by private insurance companies and pick up a portion of your prescription drug expenses. Because the medications covered vary by company and plan, it’s important to review your medications with your representative to be sure you have the most cost-effective plan to fit your needs.

Part F: Medicare Supplement Plan F
Medicare Supplement Plan F (Medigap Plan F) is currently the most comprehensive Medicare supplement plan you can buy. It covers all Medicare deductibles, copays and coinsurance — leaving you with little or no out-of-pocket expenses. To take advantage of Part F, you must first be enrolled in both Medicare Part A and B. Medicare Plan F will be phased out in 2020.

Part G: Medicare Supplement Plan G
Medicare Supplement Plan G (Medigap Plan G) offers nearly the same comprehensive coverage as Plan F, except for the Medicare Part B deductible. Other than this deductible, this Medicare supplement plan works the same way as Plan F. People who become eligible for Medicare in 2020 or later will not be able to purchase Plan F, so Plan G will then be the most comprehensive supplement plan available.

We help individuals navigate Medicare supplement plans. It can be very confusing, and we explain in detail what you need to consider when choosing the correct plan for you.

How can I help?

Contact Cody today to set up an initial meeting to answer any questions you may have.

Who this day and age works on a Sunday afternoon? Luckily for Sharon and I, Cody Crumes was that insurance representative that came and talked with us. What had been several months of grueling agony for us, within an hour at our dining room table Cody was able to explain and show to us all of the information we tried to search on our own and cleared up those questions we were struggling with to find the answers so that we could make the ultimate decision that best fit our individual needs. Sharon and I would recommend that even if you feel you have an understanding of this important part of your life that you at least meet with Cody. As in our case, that hour could possibly be the best 60 minutes you will ever spend.

Bill & Sharon

4 "parts" of Medicare

  • Part A
  • Part B
  • Part C
  • Part D

Medicare is a Federal government-sponsored health program for Americans over age 65 and people under 65 with qualified disabilities.

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