At Robertson Ryan our team has Medicare options for you. If you’re nearing retirement age, or are over 65 and still working, you may have questions about Medicare.
What Is Medicare?
Medicare is federal health insurance for people who are age 65 or older, certain younger people with disabilities, or people with End-stage Renal Disease (permanent kidney failure).
4 Types of Medicare:
- Medicare Part A (Hospital Insurance) – Part A covers inpatient care in hospitals, skilled nursing facilities, and hospice care and home health care.
- Medicare Part B (Medical Insurance) – Part B covers certain doctors’ services, outpatient care, medical supplies, and preventative services.
- Medicare Part D (Prescription Drug Coverage) – Part D helps cover the cost of prescription drugs
- Medicare Advantage Plans, also known as Medicare Part C – these are combination plans managed by private insurance companies approved by Medicare. They typically are a combination of Part A, Part B and sometimes Part D coverage, but must cover medically necessary services. These plans have discretion to assign their own copays, deductibles and coinsurance. Medicare Part D is prescription drug coverage and is available to everyone with Medicare. It is a separate plan provided by private Medicare-approved companies, and you must pay a monthly premium.
When you have Medicare, you should also think about the following:
- Supplement insurance (Medigap)
- Medicare Advantage Plans (Replacement polices)
- Medicare Part D (Prescription Drug Coverage) sold by private insurance companies
- Many people purchase a supplemental insurance policy, such as a Medigap plan, to handle any Part A and B coverage gaps.
At Robertson Ryan we have a knowledgeable team and resources to help you with your Medicare planning and ongoing program needs, contact us today!
Below are some additional Medicare Resources:
State Health Insurance Assistance Program (SHIP)
Social Security Administration
Disclaimer: We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.