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iHealthBrokers Medicare Advisors specializes in affordable health insurance solutions for seniors. We also help business owners and individuals under 65. We're A+ Rated with the Better Business Bureau, six-time recipients of the Angie’s List Super Service Award for outstanding customer service and customer satisfaction. Also voted Best of Kudzu for four years running for Atlanta Insurance Brokers.

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Parts of Medicare

//Parts of Medicare

Parts of Medicare

The Parts of Medicare are often a confusing topic for new Medicare beneficiaries. Especially when you start confusing the Medicare plans offered by Medicare Supplement companies that are also differentiated by Letters A through L. The good news, as with anything that we write about is that we understand it, so we can help you understand it!

There are 4 Parts of Medicare. Medicare Part A, B, C and D.

Parts of Medicare – Part A

Medicare Part A is your hospital insurance which is used for inpatient hospital expenses, skilled nursing facilities and hospice care. It also covered some home health care. For those individuals and/or their spouses who worked at least 40 quarters through their working life, their Part A premium is already paid by the time they get to Medicare enrollment.

Parts of Medicare – Part B

Medicare Part B is your outpatient medical insurance and it is optional. It pays got a good portion of your doctors’ services, outpatient care, medical supplies and preventive services. It is a good idea to get a supplemental Medigap plan to cover the gaps in Part B.

Parts of Medicare – Part C

Medicare Part C is actually Medicare Advantage insurance, and it is optional. If you want Part C, then you will need to have Part A and Part B as well. Also called MA or MAPD when it’s combined with a Part D RX plan. Part C is sold my private insurance companies and has been around since 1997. When you have Part C, you are actually giving up your Part A and Part B benefits from the government and assigning them to the private company. There can be significant limitations to Medicare Part C, the most notable being diminished provider networks and high out of pocket expenses. Part C has it’s place and is a good option for some, however, you should consult with a knowledgable broker before buying Part C.

Parts of Medicare – Part D

Medicare Part D is your prescription drug coverage and it is optional. This coverage can be purchased by itself to be used with Original Medicare or a Medigap plan. It can also be purchased as an addition to a Part C Medicare Advantage plan.

 

 

By | 2016-12-23T19:05:49+00:00 July 15th, 2016|Categories: Blog|Tags: |0 Comments

About the Author:

Jesse is the Founder and CEO of Smedley Insurance Group, Inc. and iHealthBrokers.com. He is a licensed health and life insurance broker in 47 states and the District of Columbia. Jesse specializes in Medicare and health insurance benefits packages for businesses and their employees. Jesse is the designated responsible broker for Smedley Insurance Group, Inc. He founded Smedley Insurance Group after working for a small captive insurance agency where he was required to sell perhaps the worst health insurance plans to consumers because it was all the company had to offer. He knew there had to be a better way and thus, SIG was born. Jesse can be reached toll free at (866) 260-9829, Ext. 101. His email address is: his first name @iHealthBrokers.com.

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