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Medicare Supplement

 You might be able to save money with a Medicare Supplement insurance plan. Medicare Supplement, or Medigap, insurance plans fill in “gaps” Learn more

Medicare Advantage

Medicare Advantage plans are health insurance plans offered by private health insurance companies approved by Medicare. Learn More

Understanding the Benefits of Medicare

A

Medicare Part A

Medicare Part A provides coverage for inpatient hospitalization, post hospital skilled facility care, and home care. For the first 60 days of hospitalization during any one benefit period, Medicare pays for all covered services, except for an initial deductible.

Medicare Part A is hospital insurance.

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B

Medicare Part B

For those who desire, additional coverage is available under Medicare Part B for physician services, diagnostics test, physical and occupational therapy, medical supplies, and the like. Part B participants are required to pay a monthly premium and are responsible for an annual deductible.

Medicare Part B is medical insurance.

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C

Medicare Part C: Medicare Advantage

 is another name for Medicare Advantage. Medicare Part C is administered by private insurance companies contracted with Medicare. Medicare Part C covers everything that Original Medicare (Part A and Part B) cover and may cover extra benefits as well.

(Part C) Coverage for medical services all in one plan.

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D

Medicare Part D: Prescription Drug Plan

The Medicare Prescription Drug and Modernization Act of 2003 established a new Medicare Part D prescription drug benefit. Since January 2006, Medicare offers insurance coverage for prescription drugs to anyone who has Medicare Part A or Part B.

Medicare Part D is simply insurance for your medication needs.

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Most frequent questions

Original Medicare (Part A and Part B) is the basic Medicare benefit package granted to eligible individuals when they turn 65 or enter their 25th month of receiving disability benefits. Original Medicare provides broad coverage of many hospital and medical expenses. But Medicare comes with out-of-pocket costs. Medigap insurance plans, also known as Medicare Supplement insurance plans, may cover Medicare copayments, deductibles, coinsurance, and other expenses not covered through the basic benefit package.

You are eligible for Medicare if you are a citizen of the United States or have been a legal resident for at least 5 years and: You are age 65 or older and you or your spouse has worked for at least 10 years (or 40 quarters) in Medicare-covered employment.

A portion of Medicare coverage, Part A, is free for most Americans who worked in the U.S. and thus paid payroll taxes for many years. Part A is called “hospital insurance.” If you qualify for Social Security, you will qualify for Part A. Part B, referred to as medical insurance, is not free.

You will be automatically enrolled in Medicare Parts A and B effective the month you turn 65. If you do not receive Social Security benefits, then you will need to sign up for Medicare by calling the Social Security Administration at 800-772-1213 or online at http://www.socialsecurity.gov/medicareonly/.

The average nationwide monthly premium for 2020 is $30, although plan costs vary depending on the plan you choose and where you live. You will generally only want to choose a plan with low premiums if it also has the lowest overall cost per year, including the costs for the drugs you take.

Part A provides inpatient/hospital coverage. Part B provides outpatient/medical coverage. Part C offers an alternate way to receive your Medicare benefits (see below for more information). Part D provides prescription drug coverage.

FindHealthQuotes.com is a privately-owned and operated non-governmental website. This Website serves as an invite for you, the consumer, to inquire about further information regarding Medicare Supplement Insurance, Medicare Advantage and/or Prescription Drug Plans, and submission of your contact information constitutes permission for a licensed sales agent to contact you with further information, including complete details on cost and coverage of this insurance. FindHealthQuotes.com is not affiliated with nor endorsed by any government website, entity or publication. FindHealthQuotes.com, their affiliates and/or licensed insurance agents that may contact you are not connected with nor endorsed by the U.S. Government or the federal Medicare program. We do not offer every plan available in your area. For a complete listing on all your options please contact 1-800-MEDICARE (TTY users should call 1-87-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov to get information on all your options. “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 of your options.”