Amanda Jones Introduction to Medicare Part D So many letters in the Medicare world: A, B, C, and now D! Medicare Part D refers to help with the cost of prescription drugs. It is run by private insurance companies and each plan has different prices and different formularies. No, it is not automatically covered in Original Medicare … Read more
Medicare Advantage: Part C We’ve already talked about Original Medicare containing Medicare Parts A & B, but there is also a Part C (and a Part D) called a Medicare Advantage Plan. What is Part C? And what are the “advantages” like the name implies? A Medicare Advantage Plan is run by a private insurance … Read more
What is a Medicare Supplement Plan? As the name implies, a Medicare Supplement Plan supplements the benefits provided in Original Medicare. If you recall, Original Medicare is made up of Parts A and B. Part A covers inpatient benefits such as those you receive for a hospital stay. Part B covers outpatient care such as … Read more
Original Medicare does not cover everything, and any medical bill you incur that is not covered will be left up to you to pay unless you have additional coverage. Here is a list (not comprehensive) of what Original Medicare does not cover: Additionally, Medicare Part B only pays about 80% of your outpatient fees and … Read more
What is Medicare Part B? Medicare Part B is the second half of Original Medicare, along with Medicare Part A. Whereas Medicare Part A covers medically necessary inpatient care, Medicare Part B covers outpatient care needed to diagnose or treat a medical condition. What does that mean in everyday terms? It generally refers to care … Read more
Introducing Medicare Part A For most people who have worked within the country for at least 10 years, Medicare Part A comes at no extra cost (but yes, a deductible) when you’ve turned 65. You can sign up for Medicare Part A on the social security website at ssa.gov. Register for a new account online, … Read more
Let’s start with the basics of Medicare: Medicare is health insurance provided by the federal government, typically for people ages 65 or older. You may also qualify if you have a condition such as End-stage Renal Disease (ESRD), Lou Gehrig’s Disease (ALS), or are on Social Security Disability for two or more years. It is … Read more
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