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Ashford Insurance

Flower Mound Texas Medigap

Flower Mound Medigap Made Simple

Flower Mound Texas Medigap

Medicare is a federal health insurance program for people who are 65 or older, have certain disabilities, or have End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant). Medicare Part A covers inpatient hospital stays, skilled nursing facility stays, hospice care, and home health care. Medicare Part B covers doctor visits, outpatient care, and preventive services. Medicare Part D covers prescription drugs.

Medigap is a type of private health insurance that can help you pay for some of the costs that Original Medicare doesn’t cover, such as copayments, deductibles, and coinsurance. There are 10 different Medigap plans available, each with its own set of benefits.

Medicare Part D is a prescription drug benefit that is available to people with Medicare. There are many different Medicare Part D plans available, each with its own set of benefits and costs.

If you are 65 or older, have certain disabilities, or have End-Stage Renal Disease, you should consider enrolling in Medicare. Medicare can help you pay for your healthcare costs and give you peace of mind.

Here is a more detailed explanation of each of the Medicare parts:

Medicare Part A

Medicare Part A covers inpatient hospital stays, skilled nursing facility stays, hospice care, and home health care. You do not have to pay a premium for Part A if you or your spouse worked and paid Medicare taxes for at least 10 years. If you did not work and pay Medicare taxes for at least 10 years, you may be able to get Part A premium-free if you meet certain financial requirements.

Medicare Part B

Medicare Part B covers doctor visits, outpatient care, and preventive services. You have to pay a monthly premium for Part B unless you are already enrolled in a Medicare Advantage Plan. The standard premium for Part B in 2023 is $170.10 per month.

Medicare Part D

Medicare Part D covers prescription drugs. You have to pay a monthly premium for Part D unless you are enrolled in a Medicare Advantage Plan that includes prescription drug coverage. The average monthly premium for Part D in 2023 is $33.74.

Medigap

Medigap is a type of private health insurance that can help you pay for some of the costs that Original Medicare doesn’t cover, such as copayments, deductibles, and coinsurance. There are 10 different Medigap plans available, each with its own set of benefits. The cost of Medigap varies depending on the plan you choose and your age.

If you are considering enrolling in Medicare, it is important to compare your options and choose the plan that is right for you. You can get help comparing plans and prices from an Ashford Insurance Medicare insurance agent.