Garland Medicare Plans

Garland Medicare Plans

Now, more than ever, it is vitally important that you understand your healthcare options. Choosing the right plan is the single most important decision you’ll make for your future health. As a licensed Medicare supplement insurance agent in the state of Texas, we work with many TX health insurance carriers and will be your advocate in dealing with them. Our broker and consultant services are offered at no cost to you.

Medicare is a federal health insurance program that provides coverage for individuals who are 65 years or older, individuals under 65 with certain disabilities, and individuals with End-Stage Renal Disease (ESRD). The program is administered by the Centers for Medicare and Medicaid Services (CMS) and is funded through payroll taxes, premiums, and general revenue.

Medicare is divided into several parts, each covering different healthcare services:

1. Medicare Part A: Also known as Hospital Insurance, Part A covers inpatient hospital stays, skilled nursing facility care, hospice care, and home health care. Most people do not pay a premium for Part A, as they or their spouse paid for it through payroll taxes while working.

2. Medicare Part B: Also known as Medical Insurance, Part B covers doctor visits, outpatient services, preventive care, and medical equipment. Most people pay a monthly premium for Part B, and the amount is based on income.

3. Medicare Part C: Also known as Medicare Advantage, Part C is offered by private insurance companies that have been approved by Medicare. Part C combines Parts A and B and often includes additional benefits like prescription drug coverage, vision, and dental care.

4. Medicare Part D: Part D covers prescription drugs and is also offered by private insurance companies approved by Medicare. Beneficiaries pay a monthly premium and copayments or coinsurance for covered prescription drugs.

Medicare works by providing eligible individuals with access to necessary healthcare services. Beneficiaries can choose to receive their Medicare coverage through Original Medicare (Parts A and B) or Medicare Advantage (Part C). In both cases, beneficiaries pay premiums, deductibles, copayments, and coinsurance for their healthcare services.

Medicare also has limitations, and some services may not be covered. Beneficiaries can purchase additional coverage, such as Medigap policies, to help cover these costs. Understanding Medicare and its various parts is important to make informed decisions about healthcare coverage and costs.