Medicare plans for those Turning 65

What is Medicare?

Medicare is a federal health insurance program primarily for:

• People aged 65 and older.
• Individuals with certain disabilities under 65 years old.
• Those with End-Stage Renal Disease (ESRD) or Amyotrophic Lateral Sclerosis (ALS).

Medicare is designed to help cover essential healthcare services. However, it is divided into parts, each addressing specific needs:

• Part A (Hospital Insurance): Covers inpatient hospital stays, skilled nursing facility care, hospice, and some home healthcare.
• Part B (Medical Insurance): Covers doctor visits, outpatient services, preventive care, and medical supplies.
• Part C (Medicare Advantage): Offered by private companies, this combines Part A and Part B, often with additional benefits like dental, vision, and prescription drug coverage.
• Part D (Prescription Drug Coverage): Helps pay for prescription medications, available through private insurers.

Why Do You Need Medicare Insurance?

While Original Medicare (Parts A and B) provides foundational coverage, it doesn’t cover everything. Without supplemental insurance, you could face high out-of-pocket expenses for:

• Deductibles and coinsurance (your share of costs for services).
• Prescription drugs not included in Original Medicare.
• Additional care such as vision, dental, or hearing services.
• Extended hospital stays or specialized treatments.

Having the right Medicare insurance protects you from unexpected medical costs, ensuring access to the care you need without jeopardizing your financial stability.

Benefits of Medicare Insurance

• Comprehensive Coverage: Fill the gaps in Original Medicare with Medicare Advantage, Medigap, or Prescription Drug Plans.
• Financial Protection: Avoid large out-of-pocket expenses for essential healthcare services and treatments.
• Customizable Plans: Choose coverage that fits your specific health needs and budget.
• Peace of Mind: Know you have access to the doctors, specialists, and medications you rely on.

In Summary

Medicare is essential for managing your healthcare as you age or if you have specific health conditions. Adding Medicare insurance ensures you’re fully covered, giving you the confidence and security to focus on your health.