Understanding Medicare: What is it and How Does it Work?

Medicare is a federal health insurance program primarily designed for individuals aged 65 and older, as well as younger individuals who qualify due to specific disabilities or conditions such as end-stage renal disease. Medicare coverage is segmented into different parts, each addressing distinct areas of healthcare:

• Part A (Hospital Insurance) covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care.

• Part B (Medical Insurance) covers outpatient care, preventive services, doctor visits, and certain home health care.

• Part C (Medicare Advantage Plans) offers an alternative to Original Medicare, provided by private companies approved by Medicare, and often includes additional benefits.

• Part D (Prescription Drug Coverage) helps cover the cost of prescription medications.

  
  

Original Medicare (Parts A and B) provide foundational coverage but doesn’t include everything and should not be what you stay on alone. Options like Medicare Advantage or Medicare Supplement (Medigap) policies help fill coverage gaps in Original Medicare and are crucial to protecting your finances while on Medicare.

Navigating Medicare can initially seem daunting due to its complexity. However, as someone with years of experience, I can guide you confidently into the best plan that suits your needs. If you're approaching eligibility (within 6 months of turning 65) or currently exploring your options, contact me to help guide you through every step.

Feel free to reach out at 615-579-7592 or via email at joel@wellnessinsurance.info for personalized assistance whether you are new to Medicare or would like a unbiased assessment of your current plan to see if there is a better option available.