Understanding Medicare

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Understanding Medicare"

Transcription

1 Understanding Medicare When you think about income streams in retirement, Medicare may not initially come to mind. But it is an important part of most retirees "golden years." Medicare covers many health expenses starting at age 65. If you add up the cumulative expenses that Medicare covers for most people in their retirement, it can sum to hundreds of thousands of dollars. Medicare is a health insurance program administered by the U.S. government for people age 65 or older and for people with certain disabilities. If you re nearing age 65 you ve probably thought a lot about Medicare and know there are important steps to take and decisions to make regarding your health care coverage. One of the best resources for detailed information on Medicare is "Medicare and You 2015" at What Does Medicare Cover? There are four different parts to the Medicare program: Parts A, B, C and D. Part A (Hospital Insurance): helps pay for inpatient care in hospitals, skilled nursing facilities, hospice and home health care. Part B (Medical Insurance): helps pay doctors and outpatient services, durable medical equipment, some types of home health care and preventive care. Part C (Medicare Advantage): an alternative way to receive your Medicare benefits. Medicare-approved private insurance companies offer health plan options for benefits covered under Part A and Part B. Most Medicare Advantage Plans offer prescription drug coverage (Part D) and some plans include extra benefits for an additional cost. Part D (Medicare Prescription Drug Coverage): helps cover the cost of prescription drugs. Plans are offered by Medicare-approved private insurance companies. The majority of people enrolled are covered under the Original Medicare program (Parts A and B), while about 25% are enrolled in a Medicare Advantage Plan (Part C). It is important to note that Medicare does not cover everything. Some items not covered include long-term or custodial care, routine dental care, dentures, cosmetic surgery, acupuncture, exams for fitting hearing aids and hearing aids. The Affordable Care Act doesn't change Parts A through D above. It does offer more preventative services and an annual free wellness visit. It may also offer savings on prescription drugs.

2 Who Is Eligible for Medicare? Medicare coverage is available for the following: People age 65 and older: You are a U.S. citizen or permanent resident; and You or your spouse worked for at least ten years in Medicare-covered employment; or You or your spouse had Medicare-covered government employment. People under age 65: You received Social Security or Railroad Retirement Board disability benefits for 24 months You have end-stage renal disease and meet certain requirements If you meet these conditions, you don t have to pay a premium for Part A, but you still must pay for Part B if you want it. If you don t qualify for premium-free Part A benefits, but you are a U.S. citizen, you can pay premiums for Parts A, B and D. How Much Does Medicare Cost? Part A: Part A covers institutional services like hospital stays. If you or your spouse paid Medicare taxes while working, your premium for Part A coverage should be free. People who have to buy Part A will pay up to $407 per month, or $4,884 annually. Premiums for Part A could go up 10% if you miss the enrollment period once you become eligible. In addition, you may also pay deductibles or coinsurance depending on the services you need. The 2015 deductible for hospital stays is $1,260 with no coinsurance payments for the first 60 days of your stay (coinsurance payments begin on day 61). Part B: Part B covers doctor visits and other types of medical services. Your premium depends on your income. Monthly premiums range from $ to $ as shown in the table below: If Your Yearly Income in 2013 was You Pay File Individual Tax Return File Joint Tax Return $85,000 or less $170,000 or less $ above $85,000 up to $107,000 above $170,000 up to $214,000 $ above $107,000 up to $160,000 above $214,000 up to $320,000 $ above $160,000 up to $214,000 above $320,000 up to $428,000 $ above $214,000 above $428,000 $ Your premium for Part B could increase by up to 10% for each full 12-month period that you could have had Part B, but didn t sign up for it.

3 In addition to your monthly premiums, in 2015 you pay an annual deductible of $147 and 20% copayments on doctor and other medical services if the provider accepts assignment. Part C: Part C (Medicare Advantage) is an alternative way to receive your Medicare benefits. Medicare Advantage plans are private health insurance plans that contract with Medicare. The plans are paid a fixed amount to provide your Medicare benefits. Most Medicare Advantage Plans provide Medicare Part D prescription drug coverage and some may include extra benefits at an extra cost. You usually pay a monthly premium for the Medicare Advantage Plan in addition to your Part B premium. Each Medicare Advantage Plan can charge different out-of-pocket costs and can have different rules for how you receive services (such as where you receive services, if you need a referral to see a specialist, etc.) They have a yearly cap on how much you pay for Part A and Part B during the year, but the caps can be different between plans. To determine specific costs, you need to review the available Medicare Advantage Plans in your area. Part D: Part D covers Medicare prescription drug plans that can vary in cost and specific drugs covered. You pay your Part D premium in addition to your Part B premium. Medicare Advantage Plan (Part C) premiums may include an amount for prescription drug coverage. Premiums for Part D coverage could be higher based on your income as shown in the following table: If Your Yearly Income in 2013 was You Pay File Individual Tax Return File Joint Tax Return $85,000 or less $170,000 or less Your Plan Premium above $85,000 up to $107,000 above $170,000 up to $214,000 $ Your above $107,000 up to $160,000 above $214,000 up to $320,000 $ Your above $160,000 up to $214,000 above $320,000 up to $428,000 $ Your above $214,000 above $428,000 $ Your If you don t sign up for a Medicare prescription drug plan when you first become eligible and you don t have other creditable prescription drug coverage, you will probably have to pay a late enrollment penalty in the form of higher premiums. The penalty is based on the number of months you were eligible and uncovered but didn t sign up. Premiums, yearly deductibles and copayments can vary by plan. For specific drug plan costs, go to the Medicare Plan Finder at If you re in a high-income bracket, you will pay higher premiums for both Medicare Part B and Part D prescription plans. In addition, if you make over $200,000 (individual), or $250,000 (couple),

4 you will be subject to the 0.9% Medicare payroll tax increase and the 3.8% surtax on investment income. Medicare Supplement Insurance (Medigap) Medicare Supplement Insurance policies, sold by private companies, can help you pay some of your health care costs that Original Medicare doesn t cover, like deductibles and copayments. Some of these policies also offer coverage for services not covered by Original Medicare. If you choose a Medical Advantage Plan (Part C) instead of the original Medicare (Parts A and B), you may not purchase a Medigap policy. (It s illegal for anyone to sell you a Medigap policy while you are enrolled in Medicare Advantage, unless you are switching back to Original Medicare.) Insurance companies can offer only standardized Medigap policies, usually identified by the letters A through N. All policies offer the same basic benefits and some offer additional benefits. Different insurance companies can charge different premiums for the same policy. Medigap Plans How to read the chart: If a check mark appears in a column of this chart, the Medigap policy covers 100% of the described benefit. If a row lists a percentage, the policy covrs that percentage of the described benefit. If a row is blank, the policy doesn t cover that benefit. Note: The Medigap policy covers coinsurance only after you have paid the deductible (unless the Medigap policy also covers the deductible). (Source: Medigap Plans Medigap Benefits A B C D F* G K L M N Medicare Part A Coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up Medicare Part B Coinsurance or Copayment 50% 75% *** Blood (First 3 Pints) 50% 75% Part A Hospice Care Coinsurance or Copayment 50% 75% Skilled Nursing Facility Care Coinsurance 50% 75% Medicare Part A Deductible 50% 75% 50% Medicare Part B Deductible Medicare Part B Excess Charges Foreign Travel Emergency (Up to Plan Limits) Out-of-Pocket Limit** $4,940 $2,470 *Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,180 in 2015 before your Medigap plan pays anything. **After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year. ***Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don t result in an impatient admission.

5 Timing is important when you purchase a Medigap policy. The best time to purchase a policy is in the open enrollment period: six months beginning on the first day of the month when you are age 65 or older and enrolled in Medicare Part B. During this period, you can't be rated and charged higher premiums because of health issues. You must be accepted for coverage during this six month period. For more details on choosing a Medigap policy, read "Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare" at Enrolling in Medicare When it comes to enrolling in Medicare for the first time, timing is important. If you are already getting Social Security benefits, in most cases you will automatically get Part A and Part B starting the first day of the month you turn 65. You should get your Medicare card in the mail three months before your 65 th birthday. If you aren t already getting Social Security benefits and you want Part A or Part B, you will need to sign up. Contact Social Security three months before you turn 65. You can do this by calling Social Security or applying for Medicare online. There are three different enrollment periods you should review carefully: Initial Enrollment Period: This is the seven-month period that begins three months before you turn 65, includes the month you turn 65, and ends three months after you turn 65. To avoid any delays in coverage, sign up during the first three months before the month you turn 65. If you don t enroll during your Initial Enrollment Period, you may have to pay higher premiums. General Enrollment Period: If you don t sign up during your Initial Enrollment Period, you can sign up between January 1 and March 31 each year and your coverage will begin July 1. You may have to pay a penalty in the form of higher premiums. Special Enrollment Period: If you didn t sign up for Part A and Part B during your Initial Enrollment Period because you were employed and had health care coverage, you have the option to sign up during a special enrollment period. (Note: this does not apply to COBRA and retiree health plans.) You usually would not have to pay a late enrollment penalty. What about Switching Plans? You should review your coverage annually and determine if you are satisfied with your choices. Even if you are satisfied, the plans may change or your situation may change making other options more attractive. You can make changes to your choices during Medicare s Open Enrollment period which may vary each year. Coordinating Medicare with Other Health Insurance Coverage If you have other health insurance, such as employer group health insurance, make sure you know the rules about which insurance is your primary payer (pays the bills first) and which is the secondary payer. Also make sure you understand how signing up for Medicare benefits affects your other health insurance coverage. Checklist for Getting Started with Medicare There s a lot to remember, especially when you first sign up for Medicare. Here s a simple checklist to help you get started:

6 Carefully review all the information Medicare sends you. Make sure you get all your questions answered. Understand when your enrollment period begins and ends so you know how long you have to decide. Decide on your basic Medicare coverage: Original Medicare or Medicare Advantage. If you choose Medicare Advantage, research the plans available in your area and make your choice. Prescription Drug coverage is often included, but if not, decide if you want to add coverage. If you choose Original Medicare coverage, decide if you want Prescription Drug Coverage. If you do, research the plans in your area and make your choice. If you choose Original Medicare, decide if you want to add supplemental (Medigap) coverage. Sign up for Medicare online or by calling Make sure you get your Medicare card in the mail. Check your enrollment status online at Schedule your wellness visit.

The Pennsylvania Insurance Department s. Your Guide to Choosing a MEDIGAP POLICY. Understanding Medigap

The Pennsylvania Insurance Department s. Your Guide to Choosing a MEDIGAP POLICY. Understanding Medigap Your Guide to Choosing a MEDIGAP POLICY Understanding Medigap Medigap is private health insurance designed to help pay healthcare costs that aren t covered by Medicare. Each Medigap plan covers different

More information

What is Medicare? The Different Parts of Medicare

What is Medicare? The Different Parts of Medicare Medicare and You The Different Parts of Medicare A Medicare Part A Hospital Insurance Inpatient care at hospitals, skilled nursing facility*, hospice and home health care. What is Medicare? Medicare is

More information

Medicare Supplement Policies

Medicare Supplement Policies Private Wealth Management Products & Services Medicare Supplement Policies A critical component of coverage for those with Parts A & B Medicare Supplement Policies, often referred to as Medigap plans,

More information

Medicare 101 Guide Your Guide to Medicare Basics

Medicare 101 Guide Your Guide to Medicare Basics Medicare 101 Guide Your Guide to Medicare Basics Y0013_16_MEDGUI Accepted 11232015 bcbstmedicare.com Get More from Your Medicare This guide helps you understand how Medicare s different parts work and

More information

Choosing A Medigap Policy

Choosing A Medigap Policy Choosing A Medigap Policy 2002 Guide To Health Insurance For People With Medicare For People in the Original Medicare Plan This Guide has easy steps to help you buy Medicare Supplement Insurance. Developed

More information

About to Retire: Preparing for Medicare Patient Financial Services Agenda Medicare Enrollment Covered Services Medicare-covered covered Preventive Services Agenda, continued Advance Beneficiary Notice

More information

Medicare 2014. Medicare 101 Agenda

Medicare 2014. Medicare 101 Agenda Medicare 2014 What s Important in 2014 Medicare 101 Agenda What is Medicare? How do I enroll? When can I sign up? What if I am still working? What does Medicare cost? Let s talk about Medicare Coverage

More information

STEPPING INTO MEDICARE. Invaluable help from the name you know and trust Blue Cross and Blue Shield of Illinois

STEPPING INTO MEDICARE. Invaluable help from the name you know and trust Blue Cross and Blue Shield of Illinois STEPPING INTO MEDICARE Invaluable help from the name you know and trust Blue Cross and Blue Shield of Illinois Blue Cross and Blue Shield of Illinois offers a great array of plans that pick up where Medicare

More information

Medicare Factsheet. September 2, 2015 Page 1 of 6

Medicare Factsheet. September 2, 2015 Page 1 of 6 Medicare Factsheet If you are enrolled in Medicare, you do not need to do anything with Covered California. If you have Medicare you are covered. No matter how you receive your Medicare benefits, whether

More information

Medicare Factsheet What is Medicare? Original Medicare (Part A and Part B) Medicare Advantage Plan (Part C) Prescription Drug Plans (Part D),

Medicare Factsheet What is Medicare? Original Medicare (Part A and Part B) Medicare Advantage Plan (Part C) Prescription Drug Plans (Part D), Medicare Factsheet If you are enrolled in Medicare, you do not need to do anything with Covered California. If you have Medicare you are covered. No matter how you receive your Medicare benefits, whether

More information

What is a Medicare Advantage Plan?

What is a Medicare Advantage Plan? CENTERS FOR MEDICARE & MEDICAID SERVICES What is a Medicare Advantage Plan? A Medicare Advantage Plan (like an HMO or PPO) is a way to get your Medicare benefits. Unlike Original Medicare, in which the

More information

Medicare Basics: Frequently Asked Questions

Medicare Basics: Frequently Asked Questions TIP SHEET Information Partners Can Use on: Medicare Basics: Frequently Asked Questions As of October 2006 What is Medicare? Medicare is health insurance for people age 65 or older, under age 65 with certain

More information

Your complimentary Medicare Guidebook

Your complimentary Medicare Guidebook Learn Protect Assess Enroll Your complimentary Medicare Guidebook About this Guidebook If you or someone you care for is new to Medicare or will be soon, this Guidebook will help make Medicare easier to

More information

Understanding Health Insurance Options in Retirement

Understanding Health Insurance Options in Retirement Understanding Health Insurance Options in Retirement A White Paper by Manning & Napier www.manning-napier.com 1 Over the past several years, the spike in the cost of health care and insurance premiums

More information

I wanted to understand the Medicare program basics. This presentation really helped.

I wanted to understand the Medicare program basics. This presentation really helped. Welcome to Medicare 101! I wanted to understand the Medicare program basics. This presentation really helped. What is Medicare? What benefits does Medicare cover? What benefits doesn t Medicare cover?

More information

Understanding Medicare Fundamentals

Understanding Medicare Fundamentals Understanding Medicare Fundamentals A Healthcare Cost Planning Overview By Mark J. Snodgrass & Pamela K. Edinger JD July 7, 2012 Money Tree Software, Ltd. 2430 NW Professional Dr. Corvallis, OR 98330 2012

More information

Your complimentary Medicare Guidebook

Your complimentary Medicare Guidebook Learn Protect Assess Enroll Your complimentary Medicare Guidebook Learn Original Medicare... 4 Medicare Prescription Drug Coverage.............. 6 Medicare Supplement Insurance... 8 Medicare Advantage...

More information

It s Time for Medicare

It s Time for Medicare It s Time for Medicare med-waageinbook-1214 Medicare What you need to know. You re turning 65. Or you re already 65 and getting ready to retire and lose your healthcare coverage. You re almost ready for

More information

2006 Choosing a Medigap Policy:

2006 Choosing a Medigap Policy: CENTERS FOR MEDICARE & MEDICAID SERVICES 2006 Choosing a Medigap Policy: A Guide to Health Insurance for People With Medicare This official government guide can help you Learn what a Medigap (Medicare

More information

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare CENTERS FOR MEDICARE & MEDICAID SERVICES 2011 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about the following:

More information

Understanding Medicare Enrollment Periods

Understanding Medicare Enrollment Periods TIP SHEET Understanding Medicare Enrollment Periods Revised November 2011 Knowing when you can get Medicare can sometimes be confusing. This tip sheet is designed to help you learn more about enrollment

More information

Thank you... 1 www.bcbsga.com WPADVBR005M(11)-GA 20550WPSENMUB_004_G 9/11

Thank you... 1 www.bcbsga.com WPADVBR005M(11)-GA 20550WPSENMUB_004_G 9/11 Thank you... for your interest in our Medicare Supplement plans. We designed them to help you stay healthy and keep your medical costs down. It s why they are so popular. You get an added layer of security,

More information

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare CENTERS FOR MEDICARE & MEDICAID SERVICES 2013 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about: What is a Medicare

More information

Understanding Medicare and How It Works

Understanding Medicare and How It Works Understanding Medicare and How It Works Get the facts about your Medicare insurance options 1 What Is Medicare? 2 Medicare is a health insurance program for people 65 or older or under 65 and with certain

More information

Choosing a Medigap Policy:

Choosing a Medigap Policy: CENTERS FOR MEDICARE & MEDICAID SERVICES 2010 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about the following:

More information

Medicare Made Clear Answer Guide

Medicare Made Clear Answer Guide Medicare Made Clear Answer Guide Y0066_100820_113217 File & Use 08252010 Medicare can be confusing. How do you find the best options to fit your needs? This guide has some answers that may be helpful.

More information

Medicare 101 What is the difference between Medicare and Medicaid? What is Medicare Part A? What is Medicare Part B? What is Medicare Part C?

Medicare 101 What is the difference between Medicare and Medicaid? What is Medicare Part A? What is Medicare Part B? What is Medicare Part C? Medicare 101 What is the difference between Medicare and Medicaid? Medicare is a national health insurance program administered by the federal government that provides health insurance coverage to most

More information

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare CENTERS FOR MEDICARE & MEDICAID SERVICES 2009 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about the following:

More information

(800) 827-9990. HealthMarkets.com

(800) 827-9990. HealthMarkets.com (800) 827-9990 HealthMarkets.com Contents 4 Medicare: What is it? 6 Diving into Medicare Parts 9 Medicare Supplement Insurance: Medigap 11 How to Pick a Medicare Policy 12 Enrolling in Medicare 16 Special

More information

Medigap Insurance 54110-0306

Medigap Insurance 54110-0306 Medigap Insurance Overview A summary of the insurance policies to supplement and fill gaps in Medicare coverage. How to be a smart shopper for Medigap insurance Medigap policies Medigap and Medicare prescription

More information

What you need to know about Medicare. What You Need to Know About MEDICARE. Page 1

What you need to know about Medicare. What You Need to Know About MEDICARE. Page 1 What You Need to Know About MEDICARE Page 1 Index 2 3 5 5 6 7 Introduction Know when to enroll What s medigap? Choosing prescription drug coverage Medicare won t cover certain things Shopping for coverage

More information

Before we discuss the differences between Part A and Part B, there are two terms that are important to understand: deductible and benefit period.

Before we discuss the differences between Part A and Part B, there are two terms that are important to understand: deductible and benefit period. SLIDE 1 The ABCD s of Medicare Welcome to Health First s presentation of The ABCDs of Medicare. This is not a sales presentation it s for educational purposes and no plan specific benefits or details will

More information

THE A,B,C,D S OF MEDICARE

THE A,B,C,D S OF MEDICARE THE A,B,C,D S OF MEDICARE An important resource for understanding your healthcare in retirement What you need to know for 2014 How Medicare works What Medicare covers How much Medicare costs INTRODUCTION

More information

How Medicare Works. Helping you make the most of Medicare. MedicareBlue SM Rx (PDP) S5743_101415_B02_RE Internal Approval 11/12/2015

How Medicare Works. Helping you make the most of Medicare. MedicareBlue SM Rx (PDP) S5743_101415_B02_RE Internal Approval 11/12/2015 How Medicare Works Helping you make the most of Medicare 2016 MedicareBlue SM Rx (PDP) S5743_101415_B02_RE Internal Approval 11/12/2015 About Medicare Whether you re new to Medicare or want a refresher,

More information

What Federal Employees Need to Know About Their Health Insurance and Medicare

What Federal Employees Need to Know About Their Health Insurance and Medicare What Federal Employees Need to Know About Their Health Insurance and Medicare Federal employees have been paying the Medicare Part A (hospital insurance) payroll tax since Jan. 1, 1983. That means all

More information

Getting started with Medicare.

Getting started with Medicare. Getting started with Medicare. Medicare Made Clear TM Get Answers: Medicare Education Look inside to: Understand the difference between Medicare plans Compare plans and choose the right one for you See

More information

Health Matters. A Guide for Medicare-Eligible Healthcare Options. Important health plan information enclosed.

Health Matters. A Guide for Medicare-Eligible Healthcare Options. Important health plan information enclosed. Health Matters A Guide for Medicare-Eligible Healthcare Options Important health plan information enclosed. Why am I receiving this booklet? Brookhaven Science Associates (BSA) has decided to offer SelectQuote

More information

Medicare has four components, Part A, Part B Part C and Part D:

Medicare has four components, Part A, Part B Part C and Part D: Medicare What is Medicare? Medicare is a National Health Insurance Program for people 65 years of age and older Certain persons with disabilities under the age of 65 People with end stage renal disease

More information

MEDICARE Medigap-PFFS-Long-Term Care Insurance

MEDICARE Medigap-PFFS-Long-Term Care Insurance MEDICARE Medigap-PFFS-Long-Term Care Insurance Medicare is a health insurance program for persons age 65 and older, people who have received Social Security Disability benefits for 24 consecutive months,

More information

Medicare At A Glance. State Health Insurance Assistance Program (SHIP)

Medicare At A Glance. State Health Insurance Assistance Program (SHIP) 2015 Medicare At A Glance Indiana 2015 State Health Insurance Assistance Program (SHIP) Who runs the Medicare Program? The Centers for Medicare & Medicaid Services (CMS) is the Federal agency that runs

More information

Medicare and Employer-Based Coverage T he Basics

Medicare and Employer-Based Coverage T he Basics Medicare and Employer-Based Coverage T he Basics What is Medicare? A federal health insurance program Run by the Centers for Medicare and Medicaid Services (CMS) Benefit decisions controlled by the U.S.

More information

Choosing a Medigap Policy:

Choosing a Medigap Policy: CENTERS FOR MEDICARE & MEDICAID SERVICES 2015 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about: Medicare Supplement

More information

2015 National Training Program. Session Objectives. Lesson 1 Introduction to Medigap. Medicare Program Overview Medigap Overview

2015 National Training Program. Session Objectives. Lesson 1 Introduction to Medigap. Medicare Program Overview Medigap Overview 2015 National Training Program Module 3 Medigap (Medicare Supplement Insurance) Policies Session Objectives This session should help you Explain what Medigap policies are Recognize key Medigap terms Relate

More information

2007 Choosing a Medigap Policy:

2007 Choosing a Medigap Policy: CENTERS FOR MEDICARE & MEDICAID SERVICES 2007 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This is the official government guide with important information about what

More information

Understanding Your Medicare Coverage Options

Understanding Your Medicare Coverage Options Understanding Your Medicare Coverage Options With information on how to increase your coverage with a Medicare Supplement insurance policy We are not connected with or endorsed by the U.S. Government or

More information

Your Guide to Medicare Medical Savings Account (MSA) Plans

Your Guide to Medicare Medical Savings Account (MSA) Plans Your Guide to Medicare Medical Savings Account (MSA) Plans This official government booklet has important information about Medicare Medical Savings Account (MSA) Plans: How plans work How to decide if

More information

Welcome to Medicare! Module 1A

Welcome to Medicare! Module 1A Welcome to Medicare! Module 1A Welcome to Medicare Introduction to Medicare Original Medicare Plan Medicare Supplement Insurance (Medigap) Medicare Advantage and other Medicare plans Medicare prescription

More information

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare

Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare CENTERS FOR MEDICARE & MEDICAID SERVICES 2014 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about: Medicare Supplement

More information

What s Medicare? What are the different parts of Medicare?

What s Medicare? What are the different parts of Medicare? Revised June 2014 What s Medicare? Medicare is health insurance for: People 65 or older People under 65 with certain disabilities People of any age with End-Stage Renal Disease (ESRD) (permanent kidney

More information

Medicare Medical Savings Account Plans

Medicare Medical Savings Account Plans CENTERS FOR MEDICARE & MEDICAID SERVICES Your Guide to Medicare Medical Savings Account Plans This official government booklet has important information about Medicare Medical Savings Account Plans: How

More information

Getting started with Medicare.

Getting started with Medicare. Getting started with Medicare. Medicare Made Clear TM Get Answers: Medicare Education Look inside to: Understand the difference between Medicare plans Compare plans and choose the right one for you See

More information

Affordable Coverage for People Turning 65 and New Retirees. 2015 Medicare Supplemental Products. An independent, local Vermont company

Affordable Coverage for People Turning 65 and New Retirees. 2015 Medicare Supplemental Products. An independent, local Vermont company Affordable Coverage for People Turning 65 and New Retirees 2015 Medicare Supplemental Products An independent, local Vermont company Three smart steps to quality health care after retirement: peace of

More information

MEDICARE BASICS WHAT TO KNOW AND WHAT TO EXPECT WITH MEDICARE

MEDICARE BASICS WHAT TO KNOW AND WHAT TO EXPECT WITH MEDICARE MEDICARE BASICS WHAT TO KNOW AND WHAT TO EXPECT WITH MEDICARE AGENDA What is original Medicare? The A, B, C, and D s of Medicare Enrollment periods Medicare Advantage star rating system Where you can find

More information

What s a Medicare Advantage Plan?

What s a Medicare Advantage Plan? Revised April 2015 What s a Medicare Advantage Plan? You can get your Medicare benefits through Original Medicare, or a Medicare Advantage Plan (like an HMO or PPO). If you have Original Medicare, the

More information

Health Matters. A Guide for Medicare-Eligible Health Care Options. Important health plan information enclosed.

Health Matters. A Guide for Medicare-Eligible Health Care Options. Important health plan information enclosed. Health Matters A Guide for Medicare-Eligible Health Care Options Important health plan information enclosed. Why am I receiving this booklet? Through Lockton Select Marketplace, we are able to offer a

More information

Contact Social Security

Contact Social Security Medicare Contact Social Security Visit our website Our website, www.socialsecurity.gov, is a valuable resource for information about all of Social Security s programs. At our website you also can: Apply

More information

The Federal Employees Health Benefits Program and Medicare

The Federal Employees Health Benefits Program and Medicare The Federal Employees Health Benefits Program and Medicare This booklet answers questions about how the Federal Employees Health Benefits (FEHB) Program and Medicare work together to provide health benefits

More information

A Guide to Understanding Medicare Benefits

A Guide to Understanding Medicare Benefits Private Wealth Management Products & Services A Guide to Understanding Medicare Benefits Medicare is a social insurance program created under the Social Security Act of 1965 as signed by President Lyndon

More information

Contacting Social Security Visit our website www.socialsecurity.gov Call our toll-free number 1-800-772-1213 1-800-325-0778

Contacting Social Security Visit our website www.socialsecurity.gov Call our toll-free number 1-800-772-1213 1-800-325-0778 Medicare Contacting Social Security Visit our website Our website, www.socialsecurity.gov, is a valuable resource for information about all of Social Security s programs. At our website you also can: Apply

More information

A KPS Federal Plan. Medicare

A KPS Federal Plan. Medicare A KPS Federal Plan Medicare Covers most of your out of pocket medical expenses! Medicare & KPS FEHB Guide Page 1 Table of Contents Page Medicare & You 3 Facts about Medicare 4 Medicare & the KPS Federal

More information

Medicare Resource Guide

Medicare Resource Guide Medicare Resource Guide Patient Name Dear Patient, Please take the time to read the following sections of this brochure as noted by your healthcare provider. These different components of Medicare deal

More information

Senior Assist. Healthcare. for Seniors

Senior Assist. Healthcare. for Seniors Senior Assist Healthcare for Seniors Medi-Share Senior Assist, Medicare, and Your Options This easy to use guide will give you a basic overview of the Senior Assist program, which is Medi-Share for seniors,

More information

CENTERS FOR MEDICARE & MEDICAID SERVICES. Enrolling in Medicare Part A & Part B

CENTERS FOR MEDICARE & MEDICAID SERVICES. Enrolling in Medicare Part A & Part B CENTERS FOR MEDICARE & MEDICAID SERVICES Enrolling in Medicare Part A & Part B The information in this booklet was correct when it was printed. Changes may occur after printing. Visit www.medicare.gov

More information

Getting Started with Medicare Beginning Medicare Training

Getting Started with Medicare Beginning Medicare Training Getting Started with Medicare Beginning Medicare Training This Medicare Counselor Training program was developed under a grant from UnitedHealthcare through a joint project with the National Association

More information

Understanding Medicare Enrollment Periods

Understanding Medicare Enrollment Periods TIP SHEET Understanding Medicare Enrollment Periods Revised February 2011 Knowing when you can get Medicare can sometimes be confusing. This tip sheet is designed to help you learn more about enrollment

More information

Solutions for Today Flexibility for Tomorrow.

Solutions for Today Flexibility for Tomorrow. Solutions for Today Flexibility for Tomorrow. Medicare Products and Services For More Information call our Senior Care Specialist, Raun Lynch at 856.380.5079 Or visit us on the web at www.cbdi-inc.com

More information

Module: 3 Medigap (Medicare Supplement Insurance)

Module: 3 Medigap (Medicare Supplement Insurance) Module: 3 Medigap (Medicare Supplement Insurance) Inside front cover. Module 3: Medigap (Medicare Supplement Insurance) Policies Contents Contents Introduction... 1 Session Objectives... 2 Lesson 1: What

More information

Vermont Blue 65. Coverage for Vermonters with Medicare. 2016 Medicare Supplemental Products. Group Brochure. An independent, local Vermont company

Vermont Blue 65. Coverage for Vermonters with Medicare. 2016 Medicare Supplemental Products. Group Brochure. An independent, local Vermont company Vermont Blue 65 SM Coverage for Vermonters with Medicare 2016 Medicare Supplemental Products Group Brochure An independent, local Vermont company Three smart steps to quality health care after retirement:

More information

Cabrillo College Retiree Benefits and Medicare Frequently Asked Questions

Cabrillo College Retiree Benefits and Medicare Frequently Asked Questions Cabrillo College Retiree Benefits and Medicare Frequently Asked Questions Table of Contents What is Medicare?... 3 What are the different parts of Medicare?... 4 What does Medicare help cover Part A?...

More information

Medicare Benefit Review

Medicare Benefit Review Medicare Benefit Review What is Medicare? Medicare is Health Insurance For people 65 or older For people under 65 with certain disabilities For people at any age with End-Stage Renal Disease (permanent

More information

Medicare Resources. A brief guide to sources of help and advice to make your Medicare experience more pleasant.

Medicare Resources. A brief guide to sources of help and advice to make your Medicare experience more pleasant. Medicare Resources A brief guide to sources of help and advice to make your Medicare experience more pleasant. 1 What is Medicare? The Medicare program is a federal system of health and hospital insurance

More information

Choosing a Medigap Policy:

Choosing a Medigap Policy: CENTERS FOR MEDICARE & MEDICAID SERVICES 2015 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about: Medicare Supplement

More information

Medicare and Medicaid: What You Need to Know

Medicare and Medicaid: What You Need to Know Medicare and Medicaid: What You Need to Know This program is sponsored by the Nevada Aging and Disability Services Division and is presented by the Access to Healthcare Network and Nevada Geriatric Education

More information

Enrolling in Medicare

Enrolling in Medicare Enrolling in Medicare If you are getting ready to enroll in Medicare, this booklet is for you. This official government booklet tells you the following: What Medicare is and what it covers How and when

More information

Understanding your. Medicare options. Medicare Made Clear TM. Get Answers Series. Y0066_120629_084915 CMS Accepted

Understanding your. Medicare options. Medicare Made Clear TM. Get Answers Series. Y0066_120629_084915 CMS Accepted Understanding your Medicare options. Medicare Made Clear TM Get Answers Series Y0066_120629_084915 CMS Accepted learning about Medicare Choices. Eligibility Coverage options When to enroll Next steps and

More information

Retiree Considerations Medicare 101. June 26, 2012

Retiree Considerations Medicare 101. June 26, 2012 Retiree Considerations Medicare 101 June 26, 2012 Agenda Goal: Present information regarding Medicare and related products to assist you in evaluating options Key Topics: Eligibility Rules Enrollment Rules

More information

How to be a smart shopper for Medigap Insurance

How to be a smart shopper for Medigap Insurance info sheet Medicare is the basic federal health insurance for older persons and for younger people with disabilities. Because Medicare has gaps in coverage, many people also buy a Medigap policy to supplement

More information

AARP S MEDICARE GUIDE FOR FAMILY CAREGIVERS

AARP S MEDICARE GUIDE FOR FAMILY CAREGIVERS AARP S MEDICARE GUIDE FOR FAMILY CAREGIVERS CONTENTS 5 About Medicare 7 A Little More About Your Choices 8 Medicare Prescription Drug Coverage 9 Where to Start 14 Medicare Glossary 2015. Reprinting with

More information

Medicare Benefits. As of 2012, approximately 50 million people were Medicare beneficiaries.

Medicare Benefits. As of 2012, approximately 50 million people were Medicare beneficiaries. Medicare Benefits Medicare is the federal health insurance program for people age 65 and older, and those of all ages with certain disabilities, End-Stage Renal Disease (ESRD), or Lou Gehrig s disease

More information

Medicare + GEHA. Protect yourself from unexpected health care expenses

Medicare + GEHA. Protect yourself from unexpected health care expenses Medicare + GEHA Protect yourself from unexpected health care expenses Table of contents Facts about Medicare 5 Medicare Part A 6 Medicare Part B 6 Medicare Part C 7 Medicare Part D 8 GEHA + Medicare 10

More information

Wisconsin Guide to Health Insurance for People with Medicare

Wisconsin Guide to Health Insurance for People with Medicare Wisconsin Guide to Health Insurance for People with Medicare 2015 For more information on health insurance call: MEDIGAP HELPLINE 1-800-242-1060 This is a statewide toll-free number set up by the Wisconsin

More information

08/19/2015. Understanding Medicare Enrollment Periods. Session Objectives. Lesson 1 Medicare Enrollment Overview

08/19/2015. Understanding Medicare Enrollment Periods. Session Objectives. Lesson 1 Medicare Enrollment Overview Understanding Medicare Enrollment Periods Information for those who counsel people with Medicare August 2015 Session Objectives This session will help you explain enrollment periods for Medicare Parts

More information

Health Matters. A Guide for Medicare-Eligible Retirees

Health Matters. A Guide for Medicare-Eligible Retirees Health Matters A Guide for Medicare-Eligible Retirees Why am I receiving this booklet? We have decided to offer SelectQuote Senior s insurance exchange. We are committed to helping you make smart choices.

More information

Making the most of Medicare

Making the most of Medicare Making the most of Medicare S5743_102714_K04_RE Internal Approval 10/27/2014 Today s Topics What is Medicare Who s eligible Medicare coverage Options to fill coverage gaps When you can enroll Finding the

More information

Health Insurance After Age 65

Health Insurance After Age 65 1 GUIDE TO MEDICARE PLANNING Health Insurance After Age 65 Whether you are retired or still working, Medicare will likely become part of your life after you turn 65. In the United States today, most health

More information

Medicare Supplemental Insurance (Medigap)

Medicare Supplemental Insurance (Medigap) Medicare Supplemental Insurance (Medigap) All Medigap s A through N The available supplemental insurance plans that are offered are lettered plans A-N. Each plan offers a different benefits package and

More information

In general, Medicare Part A covers Hospital Care, Skilled Nursing Facility Care, Hospice and Home Health Services.

In general, Medicare Part A covers Hospital Care, Skilled Nursing Facility Care, Hospice and Home Health Services. CSB-9-0051-MS101 MEDICARE PART A In general, Medicare Part A covers Hospital Care, Skilled Nursing Facility Care, Hospice and Home Health Services. $1,260 Deductible Hospital Inpatient Days 1-60: $0 coinsurance

More information

Wisconsin Guide to Health Insurance for People with Medicare

Wisconsin Guide to Health Insurance for People with Medicare Wisconsin Guide to Health Insurance for People with Medicare 2015 For more information on health insurance call: MEDIGAP HELPLINE 1-800-242-1060 This is a statewide toll-free number set up by the Wisconsin

More information

Everyone needs to plan ahead for Medicare

Everyone needs to plan ahead for Medicare Your financial well-being Everyone needs to plan ahead for Medicare Having a thorough understanding of how Medicare works and the choices you need to make about its coverage is an essential part of retirement

More information

John R. Kasich, Governor Mary Taylor, Lt. Governor/Director. Medicare Supplement Vs. Medicare Advantage

John R. Kasich, Governor Mary Taylor, Lt. Governor/Director. Medicare Supplement Vs. Medicare Advantage John R. Kasich, Governor Mary Taylor, Lt. Governor/Director Medicare Supplement Vs. Medicare Advantage Medicare Supplement vs Medicare Advantage? Option 1 Option 2 Original Medicare Part A and Part B +

More information

Regence Bridge Medigap (Medicare Supplement) Plans

Regence Bridge Medigap (Medicare Supplement) Plans Regence Bridge Medigap (Medicare Supplement) Plans for Clark County, Washington Making sure you have the coverage that is right for you. Regence BlueCross BlueShield of Oregon is an Independent Licensee

More information

Planning for Medicare An Educational Resource from Blue Cross Blue Shield of Massachusetts

Planning for Medicare An Educational Resource from Blue Cross Blue Shield of Massachusetts Planning for Medicare An Educational Resource from Blue Cross Blue Shield of Massachusetts Blue Cross Blue Shield of Massachusetts is an Independent Licensee of the Blue Cross and Blue Shield Association.

More information

MEDICARE. Understanding the basics of the Medicare Program.

MEDICARE. Understanding the basics of the Medicare Program. MEDICARE 101 Understanding the basics of the Medicare Program. Table of Contents 01. 05. 13. 17. 25. 29. The History of Medicare What is Medicare? Who is Eligible? Medigap Plans Medicare Advantage (MA)

More information

Employer Insurance & Medicare

Employer Insurance & Medicare Employer Insurance & Rights Center The Rights Center is a national, notfor-profit consumer service organization that works to ensure access to affordable health care for older adults and people with disabilities

More information

Coverage Basics. Your Guide to Understanding Medicare and Medicaid

Coverage Basics. Your Guide to Understanding Medicare and Medicaid Coverage Basics Your Guide to Understanding Medicare and Medicaid Understanding your Medicare or Medicaid coverage can be one of the most challenging and sometimes confusing aspects of planning your stay

More information

Virginia Medigap Policies Premium Comparison Guide

Virginia Medigap Policies Premium Comparison Guide Virginia Medigap Policies Premium Comparison Guide Prepared by Commonwealth of Virginia State Corporation Commission July, 2010 This consumer s Guide should be used for educational purposes only. Nothing

More information

MEDICARE. Costs and Coverage Options Enrollment. Out-of-Pocket. Guidelines. Health-Care Costs. What the Future Might Hold

MEDICARE. Costs and Coverage Options Enrollment. Out-of-Pocket. Guidelines. Health-Care Costs. What the Future Might Hold UNDERSTANDING MEDICARE Costs and Coverage Options Enrollment Guidelines Out-of-Pocket Health-Care Costs What the Future Might Hold Foreword Since it was established in 1965, Medicare has provided a safety

More information

Choosing Healthcare Coverage at Retirement

Choosing Healthcare Coverage at Retirement Choosing Healthcare Coverage at Retirement An introduction to Medicare and the different ways to supplement Medicare coverage in retirement Important: 2016 Deductible, Copayment, and Premium Updates To

More information

Medigap (Medicare Supplement Insurance)

Medigap (Medicare Supplement Insurance) Medigap (Medicare Supplement Insurance) Lessons Original Medicare Coverage (gaps) Medigap Basics Buying a Medigap Policy 2010 What is New Medigap Plans Medigap Rights and Protections Information Sources

More information

BayCrest Insurance Services, 1275 S. Winchester Blvd., B, San Jose, CA 95128 Allan S. Eckmann. Medicare 2014

BayCrest Insurance Services, 1275 S. Winchester Blvd., B, San Jose, CA 95128 Allan S. Eckmann. Medicare 2014 BayCrest Insurance Services, 1275 S. Winchester Blvd., B, San Jose, CA 95128 Allan S. Eckmann What is Medicare? Medicare 2014 Medicare is a Health Insurance Program for: * People age 65 or older * People

More information