Medicare Insurance

Medicare Eligibility

Your Medicare eligibility is determined by factors such as your age and disabilities. Typically people are eligible for Medicare benefits when they are age 65 or older. Younger people with disabilities and people with End Stage Renal Disease may also be eligible for Medicare insurance.

Medicare Eligibility - Part A

Medicare Part A is hospital insurance and is available at no cost if you are age 65 or older and you or your spouse worked and paid Medicare taxes for at least 10 years. If you are under age 65, you may be entitled to Medicare Part A coverage if you are disabled or if you are a kidney dialysis or kidney transplant patient.

Medicare Eligibility - Part B

Medicare Part B is the medical or physicians portion of the Medicare plan and is an optional benefit available for a premium paid once a quarter. Medicare Part B is often purchased in combination with a Medicare supplement.

Medicare Eligibility - Part C

Medicare Advantage Plans are health plans that are approved by Medicare, but run by private insurance companies. Medicare Advantage Plans may have lower premiums, co-pays and deductibles than the Medicare Part B plans or Medigap policies. Medicare Advantage Plans provide all of your Medicare Part A, Medicare Part B and often Medicare Part D coverage and must cover medically necessary services. These plans generally offer extra benefits. If you choose a Medicare Advantage Plan, you don’t need to buy Medicare Supplemental Insurance.

Medicare Eligibility - Part D

Medicare Part D is prescription drug coverage. Joining a Medicare drug plan is your choice and should be evaluated carefully, since it can affect your retiree prescription plan.

Medicare Supplemental Insurance

Medicare Supplemental insurance, also known as a Medigap policy, is health insurance sold by private insurance companies to fill the gaps in a Medicare Part B plan. Medicare Supplements help pay some of the health care costs that the Medicare Part B does not cover. If you have Medicare Part B and a Medicare Supplement, they will both pay portions of covered health care costs. Generally, when you purchase a Medicare Supplement, you must have Medicare Part A and Medicare Part B. You will have to pay the monthly Medicare Part B premium and a premium to the Medicare Supplemental insurance company.

For more information about Medicare insurance plans, receive a free Medicare quote or have one of our experts help you pick the Medicare product that is RIGHT for you, please visit our Medicare page.

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