What is Medicare
Medicare is a federal health insurance program that many seniors 65 and older use for health insurance coverage. Anyone younger than 65 with a disability or those diagnosed with End-Stage Renal Disease are also eligible to enroll in Medicare.
Basics of Medicare Coverage
Medicare consists of different parts that provide coverage for specific services and costs. For example, Part A and B cover inpatient and outpatient services. These two plans are called Original Medicare when combined together and will serve as your hospital and medical insurance.
There’s Part C, also known as Medicare Advantage, which provides the same coverage as Original Medicare, but may also include additional benefits.
Part D will provide you with prescription drug coverage.
And, Medicare Supplements are used to supplement Original Medicare and cover costs that aren’t initially covered by Original Medicare.
Purpose of Medicare
Medicare is designed to provide health coverage to the groups of people listed above. When many people reach the age of 65, retirement planning is typically in the works so finding a health insurance plan that will cover you once your employer coverage ends is important. With Medicare, you can have this coverage.
Medicare also helps provide coverage for those who aren’t able to work and cannot get coverage with an employer. For those with disabilities or End-Stage Renal Disease, Medicare can serve as the coverage you need by providing access to care and services.
Need Medicare? We Can Help—Call Us Today
The team with Coastal Insurance Planning is here to help you get the coverage you need and deserve. To learn more about Medicare and how to enroll in the right plan for you, give us a call today!