For many seniors 65 and older, enrolling in Medicare can be a big milestone. In fact, Medicare plays such a big role that it provides healthcare coverage for millions of people in the U.S. How did this number get so large? Well, every day, there are at least 10,000 people in the nation who turn 65.
If you’re going to be turning 65 soon, we guarantee that you’re probably looking into Medicare, too! At InvoBH, we can definitely walk you through the enrollment process, so you won’t have to figure it out alone, but we’re also here to help you understand the Medicare options available to you.
So, let’s get started.
Medicare Part A and Part B
When seniors first become eligible for Medicare, they will most likely enroll in Medicare Part A or both Medicare Part A and B. With both parts together, this creates what is known as Original Medicare.
So, what do these two parts cover? Well, Medicare Part A will provide you with your inpatient hospital coverage and can also include coverage for skilled nursing facility care, home health care, and hospice care. Medicare Part B will provide coverage for your outpatient medical care. This can include doctor visits, medical equipment, preventive services, ambulance services, and even some outpatient prescriptions as needed for your outpatient treatment.
You may find that with Original Medicare, you’ll have some out-of-pocket costs to take care of. But, with a Medicare Supplement plan, you can have most or all of those costs taken care of!
Medicare Advantage is also known as Medicare Part C. Medicare Advantage plans are offered by private insurance providers and combine the coverage from Original Medicare. Part C plans also cover additional services unavailable under Original Medicare, such as prescription drug coverage, routine dental, vision, and hearing coverage, and other benefits.
You’ll first have to be enrolled in Original Medicare before you can enroll in a Medicare Advantage plan, but this can be a good option for those who are looking for that extra coverage that they simply cannot get with standard Original Medicare.
Do keep in mind that coverage provided by each Medicare Advantage plan will vary, though!
Medicare Part D
Medicare Part D provides prescription drug coverage. If you take prescription drugs regularly, you should consider enrolling in Part D. The coverage provided by Part D will vary by each plan, but you can add it alongside your Part A and B coverage or get it as an added benefit with a Medicare Advantage plan.
Since the coverage will vary for both Medicare Advantage and Part D plans, it’s important that you compare each plan carefully so you know if you’ll be getting the coverage you need. Fortunately, with InvoBH, we can make all those comparisons for you!
Call us today at 314-669-4308 to get the Medicare coverage you deserve.