![]() If the person is not already drawing Social Security retirement benefits, we assist them in applying for their Medicare Card from Social Security. If a person is already drawing Social Security retirement benefits, Social Security will send the person their Medicare card a few months prior to turning 65. We like to work with people prior to reaching age 65 by assisting them in obtaining their Medicare Card. Federal law requires a Medicare Beneficiary to have Part B and Part D or pay a late-enrollment fee. ![]() Some people want to know if they can stay on their company- sponsored health plan if they continue working past age 65. Most people are unfamiliar with what Medicare covers or doesn’t cover, and they want to know if there is any premium cost. People want to know the difference between a Medicare Supplement (also known as Medi- Gap), a Medicare Advantage Plan (Part C) and a Prescription Drug Plan (Part D, also known as PDP). Commercials, or in printed literature, etc. Most people are confused by common Medicare terms shown on T.V. When they contact us, we explain what Part A is, what Part B is, how much they will pay when they visit the doctor or are admitted to the hospital, or whether Dental, Vision, Hearing Aids, etc., are covered. In this case, the person may opt out of Part B, and the company-sponsored health plan may also provide Part D Prescription Drug coverage (known as Credible Drug Coverage). Some people continue to work past the age of 65 and are still covered by their company-sponsored health plan. Most people do not pay a premium for Part A, pay a standard premium for Part B, and must obtain Part D privately. By Federal law, Medicare Beneficiaries are required to have Medicare Part A and Part B as well as Prescription Drug Coverage (Part D). Original Medicare has no annual out-of-pocket limit, does not cover prescription drugs, and does not cover dental, vision, or hearing. ![]() Original Medicare consists of two parts: Part A Hospital Insurance and Part B Medical Insurance. When a person receives their Red, White, and Blue Medicare Card, they are known as a Medicare Beneficiary and now have Original Medicare. Medicare Advantage plans typically have the lowest premiums (as low as $0) For people with Original Medicare who wish to limit their out-of-pocket expense, they have the option to purchase a Medicare Supplement Plan (also known as Medi-Gap) for a separate premium. For people who choose Original Medicare only, they are required to purchase a Stand-Alone Drug Plan (PDP), and the premiums vary by plan. Most people with Original Medicare do not pay a premium for Part A and pay a standard premium for Part B. Medicare Advantage plans are often referred to as “all in one” Medicare Plans. Medicare Advantage Plans have different plan designs, are typically traditional HMOs or PPOs, often include Extra Benefits such as Dental, Vision, Hearing, etc., and often include Prescription Drugs. PDPs have various plan designs, contain a formulary of covered drugs (varies by plan). Medicare Supplement Plans have standard plan designs with no networks. There are different types of Medicare Plans, such as Medicare Supplement Plans (also known as Medi-Gap Plans), Prescription Drug Plans (PDP), and Medicare Advantage Plans. Medicare Plans help with out-of-pocket costs, such as deductibles and co-pays, and limit annual out-of-pocket costs. Medicare Plans are issued by private insurance companies with a Medicare contract. Also, Original Medicare DOES NOT cover Prescription Drugs (required by law), Dental, Vision, or Hearing. There is NO Annual Out-of-Pocket Maximum with Original Medicare there are deductibles, co-pays, and co-insurance. Original Medicare consists of two parts: Part A, Hospital Insurance, and Part B, Medical Insurance. When a Medicare beneficiary receives their red, white and blue Medicare card, this is known as Original Medicare. We assist clients in obtaining their Medicare card at the appropriate time. Most people enter Medicare for the first time when they turn 65, although some people become eligible for Medicare prior to age 65 due to disability. We enjoy getting to know our clients and building relationships over time. Consultations for Medicare Plans are always no cost and no obligation. ![]() By law, we cannot charge any fees for our services.
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