INsurance Basics
MEDICARE INSURANCE
Medicare is a federally funded health insurance program run by the Centers for Medicare & Medicaid Services (CMS). It is called Original or Traditional Medicare and includes Parts A and B.
- Part A or Hospital insurance provides Inpatient hospital care, skilled nursing facilities, hospice care, and limited home healthcare.
- Part B or Medical insurance provides doctor’s appointments, preventive services, lab tests, X rays & diagnostic tests, emergency care, injectable drugs, outpatient services and durable medical equipment
SUPPLEMENTAL INSURANCE
Supplemental insurance (also called Medigap insurance) provides financial coverage for the cost Medicare does not pay, such as copayments, coinsurance, and deductibles.
PART D-PHARMACY INSURANCE
Original Medicare insurance does not include pharmacy coverage. Individuals who need medication coverage can purchase a pharmacy insurance plan from private companies.
DENTAL/VISION/HEARING INSURANCE
Original Medicare insurance does not include dental, vision or hearing coverage. Individuals who need these benefits can purchase dental or vision or hearing insurance plans individually or as a combined plan.
MEDICARE ADVANTAGE INSURANCE
Medicare Advantage plans are an alternative to Original Medicare, and are purchased from private health insurance companies. These plans are commonly referred to as Medicare Part C plans and must provide the same services as Original Medicare. In many cases, they also include additional benefits such as pharmacy , dental, vision and hearing, and supplemental coverage all within the same plan.
MARKETPLACE INSURANCE
Another form federal health Insurance for individuals and families that do not have access to health insurance by an employer or group health plan is called ACA (Affordable Care Act) or marketplace insurance. These plans are referred to as “metal level plans” and include Bronze, Silver, Gold and Platinum. The difference between each metal level is based on the costs for covered healthcare services covered by the plan and the member. Market-based plans include premiums, deductibles, copayments and coinsurance like other health insurance plans.
INSURANCE PRODUCTS AVAILABLE
MEDICARE
DENTAL,VISON, HEARING
SUPPLEMNTAL PLAN
For people turning 65 years old in the following months who need to determine what type of health benefits they need with or without employment.
SUPPLEMNTAL PLAN
DENTAL,VISON, HEARING
SUPPLEMNTAL PLAN
Supplemental plans (also called Medigap) provide financial coverage for the cost not covered under Medicare such as copayments, coinsurance and deductibles
DENTAL,VISON, HEARING
DENTAL,VISON, HEARING
DENTAL,VISON, HEARING
Original Medicare insurance does not include dental, vision or hearing coverage. Individuals who need these benefits can purchase dental or vision or hearing insurance plans individually or as a combined plan.
PART D-PHARMACY
MEDICARE ADVANTAGE
DENTAL,VISON, HEARING
Original Medicare insurance does not include pharmacy coverage. Individuals who need medication coverage can purchase a pharmacy insurance plan from private companies.
MEDICARE ADVANTAGE
MEDICARE ADVANTAGE
MEDICARE ADVANTAGE
Medicare Advantage plans are an alternative to Original Medicare, and are purchased from private health insurance companies. These plans are commonly referred to as Medicare Part C plans and must provide the same services as Original Medicare. In many cases, they also include additional benefits such as pharmacy , dental, vision and hearing, and supplemental coverage all within the same plan.
ACA/MARKET PLACE
MEDICARE ADVANTAGE
MEDICARE ADVANTAGE
Another form federal health Insurance for individuals and families that do not have access to health insurance by an employer or group health plan is called ACA (Affordable Care Act) or marketplace insurance. These plans are referred to as “metal level plans” and include Bronze, Silver, Gold and Platinum. The difference between each metal
Another form federal health Insurance for individuals and families that do not have access to health insurance by an employer or group health plan is called ACA (Affordable Care Act) or marketplace insurance. These plans are referred to as “metal level plans” and include Bronze, Silver, Gold and Platinum. The difference between each metal level is based on the costs for covered healthcare services covered by the plan and the member. Market-based plans include premiums, deductibles, copayments and coinsurance like other health insurance plans.