When you turn 65, you become eligible for Medicare, which is medical insurance that you contribute to all of your working years. It is administered by the government in its original form. It can be pretty scary if you don’t understand all your options.
A. L. Saland Insurance Solutions Inc in Florida can help you to understand your options and the regulations that exist.
Traditional Medicare
Traditional Medicare is the plan that the government administers. It is Part A and Part B. You can see any doctor or use any medical professional or hospital that accepts Medicare. This will pay 80% of the agreed-upon fee for the service. You are responsible for paying 20%. It includes no dental or prescription coverage.
Medicare Advantage
Medicare Advantage plans are administered by insurance companies and are known as Part C. You will have a co-pay for some services, and you will know what they are before you visit. Most plans include prescription coverage as well as dental, vision, and hearing. Some also offer gym memberships, over-the-counter allowances, and more. For some, you will pay an additional monthly fee.
Medicare Supplement
Medicare supplement insurance helps to pay the 20% that Medicare doesn’t pay. It is an additional payment that you pay every month.
Drug Coverage
The government requires that if you are on Medicare, you must have prescription coverage, Medicare Part D. If you don’t have other prescription coverage and choose not to get Part D, at some point when you may need Part D, you will pay a penalty that never goes away.
Give Us A Call
Give the office of A. L. Saland Insurance Solutions Inc in Florida a call when want help choosing the Medicare plan or plans that are right for you.
