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Lets take a look at the basics of Medicare, with Medicare 101. I'll try to keep it as simple as I can.
Topics:
Medicare Enrollment – 2:20
How to sign up for Medicare – 2:20
Medicare Part A – 5:25
Medicare Part B – 6:18
Medicare Part C – 9:32
Medicare Part D – 13:07
Medicare Advantage vs Medicare Supplements – 9:32
Medicare Cost – 8:49
How to sing up for Medicare Part D – 15:29
Donut Whole -14:02
Okay there are 5 major parts to medicare, and you can see the first four here with Parts A, B, C, and D. Part A and B are what makes up original medicare. Part A is your hospital insurance and it helps cover you for inpatient care in the hospital, skilled nursing car, hospice care, and home health care…
Part B is your medical insurance and it helps cover services from doctors, healthcare providers, outpatient care, home health care, durable medical equipment, and some preventive services…
So basically part A pays for your room and board at a hospital and part B pays for your doctors and the equipment they use…
Part C or Medicare Advantage is not part of original medicare, and is run by medicare approved private insurance companies. This plan replacing your medicare parts A and B with a private insurance plan, and it must at least cover what medicare parts A and B cover. Some plans even offer prescription drug coverage along with other benefits…
Medicare Part D or medicare prescription drug coverage helps cover the costs of prescription drugs. It is also run by medicare-approved private insurance companies and you pay a premium to lower the cost of your prescription drugs….
Now like I said you should check your drug plan each and every year to see if the formulary has changed. All you need to do is call medicare at the number above or go to the medicare.gov website and click on “find health and drug plan” button.
And as always remember if you have any questions make sure to call me at (920) 960-4312 or shoot me a email at [email protected]. Thanks again and have a wonderful day!
Andrew Walsh
MedicareScreenShare
Owner and Independent Agent
(920) 960-4312
[email protected]
MedicareScreenShare.com
Medicare Part A, Part B, Part C, Part D Explained
