Medicare is a federal program that provides health care coverage at a small cost. It can be an overwhelming topic to navigate alone! We’re here to break the basics.
What does Medicare cover?
Original Medicare coverage is broken into two parts: Part A and Part B. It’s accepted by nearly every doctor and hospital in the country, with no network limitations. Medicare Part A covers inpatient or hospital stays, while Part B covers outpatient or medical care.
You can learn more about what Part A and Part B cover here.
Who is eligible for Medicare?
Typically, you become eligible for Medicare when you turn 65. Other groups, such as younger people with disabilities or people with End-Stage Renal Disease (ESRD) may also be eligible.
How do you get Medicare?
As your 65th birthday draws nearer, you can enroll in Part A and B during your Initial Enrollment Period (IEP). If you receive Social Security Benefits, you’re automatically enrolled in Part A.
In order to buy supplemental insurance, you must first have both Parts A and B. Once you’re ready to explore supplemental plans, we’re happy to help you compare plans from over 20 insurance carriers!
What is Medicare Part D?
Medicare Part D is coverage for prescription drug costs. This was created in 2006 to help Medicare beneficiaries deal with the rising cost of prescription drugs. Since it’s not part of “Original Medicare,” you’ll need to obtain a separate Part D plan after you’ve enrolled.
You can learn more about Medicare Part D here.
What isn’t included in Medicare?
Together, Part A and B cover approximately 80% of the typical health care costs you’ll face. This leaves a significant gap in coverage, especially for those living on a fixed income. Medicare Supplement plans are policies designed to help extend coverage, lessen costs, and ultimately give beneficiaries peace of mind at all times.
Dental, vision, and hearing (DVH) costs are also not included in Medicare. These areas are critical to your overall well-being, so you should consider adding additional DVH coverage to make sure all of your health needs are met. You can learn more about DVH plans here.
This is a lot to consider. I need help!
That’s what we’re here for! UMA compares plans across multiple carriers, making it easy to comparison shop. With Licensed Insurance Agents in 45 states and over 400,000 Medicare Supplement Policies submitted, it’s clear that UMA loves helping people make great decisions with their Medicare Insurance. Explore our website further or give us a call today at (855) 665-9200 to find your best-fit plan!
