Also known as ‘Part C’ of Medicare. For most of the individuals that are new and old to Medicare, this the most efficient way to receive your benefits administered by a private insurance company and funded by Medicare. These plans offer lower premiums, extra benefits, and much more.
Also referred to as ‘Medigap’, traditional Medicare supplements have been available since the inception of Medicare and are very rich in benefits. With this plan design, Medicare is the primary biller and the supplement is the secondary biller which fills in the gaps. These plans offer the deepest network of Doctors, nationwide.
Part D of Medicare plans come in a lot of different shapes and sizes depending mostly on which medications you take. Generally, Medicare Advantage has Part D included. However, with a Medicare Supplement, we would want to add a prescription drug plan to cover medications you would receive at a pharmacy.
We have been handling Medicare insurance a long time, talking to thousands of individuals on Medicare for years, and understand you have some questions about Medicare. Take a look at some commonly asked questions and answers that we have collected over the years.
How Original Medicare work: Part A and B
The Federal Health Insurance Program known as Medicare started in 1965. Medicare Insurance is split into two parts:
- Part A (which includes expenses related to Hospital visits, etc).
- Part B (which includes other medical expenses related to Doctor visits, etc).
An individual is automatically enrolled in Medicare Part A when they:
- Turn 65, (this happens on the first of the month they turn 65, not on the birthday itself).
- Are under age 65 and have received disability benefits from Social Security for 2 years
- Are under age 65 and have Amyotrophic Lateral Sclerosis (ALS) or permanent kidney failure.
An individual is eligible to enroll in Medicare Part B after:
- They enroll in Medicare Part A.
- They (or their spouse) retire and they are no longer covered by health insurance through their employer.
We’ll be glad to give you a free quote and to answer any of your questions about health insurance coverage
FHK offers a large selection of Medicare Advantage Plans that can be customized to satisfy the needs of our clients in Milwaukee, Wisconsin .
Important Medicare enrollment dates:
- Click the link for a full listing of important enrollment dates for Medicare Insurance Plans
Information about Medicare Insurance premiums:
- Medicare Part A doesn’t have any premiums.
- $105 is the average monthly premium in 2015 for Medicare Part B. For some of those enrolled however, they will be required to pay a monthly premium that’s been adjusted to reflect their income.