Grand Prairie Medicare Plans

Medicare is a federal health insurance program that offers coverage to people who are 65 years of age or older, certain younger individuals with disabilities, and individuals with permanent kidney failure. It covers a wide range of medical services including hospital stays, physician visits, prescription drugs, preventive services, skilled nursing facility and home health care, and hospice care.

Medicare is funded through a combination of payroll taxes, premiums, and general revenue. While Part A (hospital insurance) is typically premium-free for most eligible individuals, Part B (medical insurance) requires a premium. Enrollment in Medicare Part D (prescription drug coverage) is optional and requires a premium.

When you receive a covered service under Medicare, you will typically pay a copayment or coinsurance depending on the type of service you receive. The amount of your copayment or coinsurance will vary.

Some of the most common reasons why someone might need Medicare insurance include assistance with medical expenses, peace of mind with health insurance, qualification for additional benefits such as Medicare Advantage plans, access to preventive care services, prescription drug coverage, and hospice care.

Medicare is broken down into four parts: Part A, which covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care; Part B, which covers doctor visits, outpatient care, preventive services, and some home health care; Part C, also known as Medicare Advantage, which is a private health insurance plan that provides all of the benefits of Parts A and B and may include prescription drug coverage; and Part D, which is a prescription drug benefit available to people with Medicare.

To learn more about Medicare and determine your eligibility, you can reach out to Ashford Insurance, an independent insurance agency that specializes in the Medicare market.