Lynne Jones
As I visit with people about Medicare, particularly those who are just turning 65, I am always surprised to learn how much misinformation there is about some of the facts and details of Medicare.
Therefore, I thought it might be useful to review some of the key facts to know about Medicare in order to make the Medicare journey smoother by understanding the rules of the road.
Fact: Original Medicare has two parts. Original Medicare consists of Part A and Part B. Part A is coverage for inpatient hospital stays, and Part B coverage is for outpatient medical, such as your doctor visits. Original Medicare alone does not cover all of your medical expenses.
Fact: There are two main ways to get additional coverage. One is a Medicare Advantage plan offered through a private insurance company. Medicare Advantage often has a very low or even no monthly premium. You must continue to pay your Part B premium. The second is a Medicare Supplement Insurance plan purchased through a private insurance company. Supplemental plans have a monthly premium.
Fact: Prescription Drug coverage is not included in Original Medicare and can be provided by either purchasing a Medicare Part D plan through private insurance companies or enrolling in a Medicare Advantage plan, which includes prescription drug coverage.
Fact: Coverage choices vary from state to state. Original Medicare is the same across the United States. However, Medicare Part D plans and Medicare Advantage plans may only be available in certain counties, states or regions.
Fact: Enrollment periods are important to understand. There are specific dates for those new to Medicare, those moving to a new state or county, and those people wanting to make a change to their current coverage. It is important to know and understand these dates in order to avoid any late enrollment penalties that may be incurred.
If you feel that you need clarification on some of the Medicare facts, details and dates, please feel free to call me with any Medicare questions. If you are turning 65 this year, it is not too early to start to understand the rules and facts of Medicare. I can help you understand the rules of the road.
Call Lynne Jones, a licensed sales person, at (480) 212-2246.