Hospital Coverage. You are automatically enrolled in Part A and do not have to pay a monthly premium for this benefit. However, you do have a $1,132 deductible for inpatient hospital stays. This deductible may be charged multiple times per year.
Medical Coverage. When you turn 65 you are automatically enrolled in Part B. A monthly premium will begin being deducted from your social security the month you turn 65. You are also responsible for an annual deductible of $135. Depending on the Medicare plan you choose, you may be able to get you dedectible covered for you.
Medicare Advantage. Essentially Part C is a combination of Part A, B & D. It is important to note that if you sign up for a Medicare Advantage plan you are no longer managed by Medicare - you are 100% covered by a private insurance company. In some instances this can be a good thing, in others it is not. For this reason, it is crucial that you speak with a licensed agent before choosing this type of plan.
Prescription Drug Coverage. While these plans are Medicare controlled, you do not go through Medicare to sign up for one. All Prescription plans are managed by private insurance companies. Please be aware that it is strongly recommended to sign up for a Part D plan even if you do not currently have any prescriptions. Starting in April following your birthday you will begin accumulating a 1% penalty per month for not having a Prescription Drug Plan.
Serving Central Florida
Are you turning 65? Are you planning on retiring? If so then you will become enrolled in a Medicare. Medicare can be confusing to sort through and having an expert at your side can certainly be helpful.
Here at Great American Insurance & Finance we understand how crucial choosing the right plan is. While some benefits may be necessary for one individual, they may not be for others. We will help you sort through and understand which benefits you need and which you don't.
What does Medicare cover?
We have provided you a quick summary to help you understand your Medicare coverage. In order to qualify for traditional Medicare, either you or your spouse must have worked a minimum of 40 quarters in the country.
Medicare
Products
& Services
What do we offer and what does it cover?
If you are enrolling with a traditional Medicare Supplement you have Plans A through L to choose from. Which is best for you? Unfortunately, this is not a question that can be answered online because our recommendation may change depending on your personal situation. We do not believe it is ethical for us to make any suggestions without understanding the full picture. Please contact us for your free, no obligation session.
Do you believe a Medicare Advantage plan may be best for you? Our Medicare Advantage plans can be as little as $0 per month. However, it is not the right option for everyone. For your free, no obligation consultation with one of our licensed experts please contact us.
Important Notice: Changes to Medicare
Medicare Plans changed in June 2010. Some plans changed, others were dropped entirely, and new plans were added. If you signed up for Medicare prior to June 2010, it is crucial you understand how these changes will affect you. Our agents are fully informed on the changes and can advise you accordingly. Contact us today for your free overview.
Part A
Part B
Part C
Part D
