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Are you confused about Medicare, how it works, who is eligible and the plethora of options the government health program offers? Well, you’re not alone. The fact is, if you’re approaching the age of eligibility or already receiving Medicare, you might want to know more about the program.
Some of the most commonly asked questions:
What is Part A and Part B Medicare? What’s the difference between the two?
Part A is hospital insurance, and it helps pay for inpatient care in hospitals or for skilled nursing home health care. Most people automatically receive Part A when they turn 65. It is the “premium” for people who paid Medicare taxes when they were in the workforce.
Part B works a bit differently. It helps pay for medically necessary physician services and other outpatient care, including physical and occupational therapists and some home health care. Enrolling in Medicare Part B depends on your personal situation. Generally, it is recommended that you contact the Social Security Administration three months before your 65th birthday to enroll in Part B.
What is the Medicare Advantage Plan?
This usually is referred to as Medicare Part C. Medicare Advantage plans are available from private insurers and provide some extra benefits, such as coverage for extra days in the hospital.
What is Part D?
Part D is the Medicare prescription drug benefit, and people with Medicare can enroll for this coverage. If you have an original Medicare or Medigap plan, you can get Medicare drug coverage. You may receive the coverage automatically if you belong to a Medicare Advantage plan. Compare Part D plans. Part D enrollment begins in November. Learn more.
I have heard something about the Medigap program. What’s that all about?
Medigap plans are available from private Medicare insurers. These plans help pay for services that basic Medicare will not cover. Some Medigap plans also cover deductibles, co-payments and costs associated with Medicare Part B.
Do you have other Medicare-related questions? Just give us a call at (317) 782-7770 or send an e-mail.
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