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See what Insurance Solutions can do for you - Kathleen Graberg

Everything you need to know about Medicare
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We will walk you through all the stages of Medicare and ensure you are getting the best deals to look after you and your loved ones

Medicare

We can help you get the medicare coverage that works best and is most affordable for you.  We can sign you up for Medicare, explain all of the parts of Medicare: Part A, B, C, and D and provide you with the Medicare Supplemental Plans and Prescription Drug plans available to you in your state.  We take care of the entire application process for you.

Medicare is a federal health insurance program for people 65 and older and others with disabilities.  When you turn 65 you become eligible for Original Medicare which is Medicare Parts A and B.   Or you can choose a Medicare Advantage Plan or a Medicare Supplement Insurance Policy and Prescription Drug Plan.  There are many options and varying price plans.

Beautiful senior couple in love on a walk outside, enjoying spring nature under blossoming trees. Man and woman having fun.
Senior couple cooking healthy food and drinking red wine at house kitchen

How Does Medicare Work?

Part A

Medicare Part A covers hospital stays and inpatient care, including:

  • Semi-private room and meals
  • Skilled nursing services
  • Care in special units, such as intensive care
  • Drugs, meidal supplies and equipment
  • Lab tests and X-rays
  • Operating Room and recovery room services
  • Some blood transfusions
  • Rehabilitation services after a qualified inpatient stay
  • Part-time skilled care for the homebound
  • Hospice Care

What providers can you use?
You can choose any qualified provider enrolled in Medicare that is accepting patients.

Costs
Premium. There is no cost if you have made contributions to Social Security for at least 10 years.  If not you will pay a monthly premium.

Deductible. For each benefit period, you have to pay a Part A deductible before Part A starts to pay a sheare of your costs.  A benefit period begins the day you are admitted to the hsopital and ends when your’ve been out of the hospital 60 days in a row.

You pay only one deductible each benefit period, even if you had more than one hospital stay.  For 2020, the Part A deductible is $1,408.

Copay
There is no copay for hospital stays up to 60 days in one benefit period.  Copays for a longer stay may include:

  • $335 per day for days 61-90
  • $670 per day for up to 60 lifetime reserve days

Co-pays for skilled nursing facility stays are:

  • $0 for days 1-20
  • $167.50 per day for days 21-100

Lifetime reserve days may not be used to extend coverage in a skilled nursing facility.

Coinsurance.
Home hospice patients may pay a small co-insurance amount for inpatient respite care so the patient’s caregiver can have time off.

Part B
Part C
Part D
Medicare Supplemental Plans