Medicare Made Easy

medicareChoosing among Medicare Insurance plans can be a daunting task. There are government plans and private plans, HMOs, PPOs, and POSs, deductibles, and co-pays. “Knowledge is power” Knowing more about what these terms mean can help you pick the plan that’s right for you and your family. Only you can decide what kind of plan is best for you. At Beacon “we will light the way and see you through” your upcoming Medicare decision.

Health insurance matters to senior citizens. With Medicare, Medicaid, and private plan options to navigate, having as much information as possible presented in a simple, straightforward manner will help you to best understand your health insurance options. As a Medicare beneficiary, you have many options to choose from.

Medicare health insurance benefits change from time to time. There are many types of plans offered and a number of personal factors to consider. Here is a list of the four basic parts of Medicare. It is very important to understand the basic parts of Medicare.

  • Medicare Part A (Hospital Insurance)

    Helps pay for inpatient care in a hospital or skilled nursing facility (following a hospital stay), some home health care and hospice care. Most people don’t have to pay for Part A.

  • Medicare Part B (Medical Insurance)

    Helps pay for doctors’ services and many other medical services and supplies that are not covered by hospital insurance. Most people pay monthly for Part B.

  • Medicare Part C (Medicare Advantage)

    Provided by private insurance companies as a replacement of Part A and Part B. People with Medicare Parts A and B can choose to receive all of their health care services through one of these provider organizations instead of through Medicare. Part C plans are available in many but not all areas. All people pay monthly for Part C. This payment is in addition to the monthly premium paid for Part B.

  • Medicare Part D (Prescription Drug Coverage)

    Provided by private companies to help pay for prescriptions, which are not covered by Original Medicare. Part D is available to everyone with Medicare. All people pay monthly for Part D. This payment is in addition to the monthly premium paid for Part B.

You should look over your options and make sure you actually get a policy that fits your needs. Let Beacon Associates guide you to help you find a Medicare Insurance plan that will fit your needs. Please click the link below for more detail on the basics of Medicare.

Medicare & You 2017 Handbook

Medigap

Visit Medicare.gov