Help with Medicare

When people are turning 65 or retiring, it is very common to need help with Medicare. There are a lot of questions that someone who has not dealt with Medicare or health insurance on a regular basis will want to know:

1. How much does Medicare cost?
2. What does Medicare cover?
3. What do I need to do for a supplement policy?
4. Do I need to sign up for a prescription plan?
5. I have health issues will this cause any issues?

This article is devoted to the individuals who have general questions and need a general understanding of Medicare and what it covers.

Help with Medicare 101

What is Medicare? Medicare is a federal health insurance program that is offered to those 65 or older, those with certain disabilities, or those diagnosed with End Stage Renal Disease (permanent kidney failure). Medicare coverage consists of 4 parts: Part A (Hospitalization), Part B (Medical), Part C (Medicare Advantage Plans), and Part D (Prescription Drug Coverage). What does it cost?

• Medicare Part A - This is free those who have worked over 40 quarters
• Medicare Part B - Is roughly $100 per month (higher income penalty applies to individuals over $88k and couples $170k.
• Medicare Part C - Not required this is a type of supplemental plan but you must understand this product before enrolling, because it actually takes over the coverage and administration of Parts A & B if you enroll.
• Medicare Part D - this varies anywhere from $15 - $100 per month
• Medicare Supplement (Medigap) - varies state to state but the easiest way to get Medigap Rates is go to www.medicareinsurancefinders.com.

What does Medicare Cover? If you need help with Medicare and what it covers, there are several options.

1. Go to an online resource like Medicare Insurance Finders to learn about Medicare.
2. Read the "Medicare and You Booklet"
3. Call Medicare Insurance Finders to speak with a licensed agent

What do I need to do for a supplement policy? Medicare Supplements are private insurance policies that fill in the gaps of Original Medicare. A Plan F picks up all the deductibles and co-pays associated with Medicare claims. Help with medicare Supplements is provided by Medicare Insurance Finders.

We help seniors find the best insurance plans every day all over the country. No more wondering which insurance plan is best for you, we will help you compare Medicare Supplement Plans with over 25 insurance companies.

Health Issues a Concern?

Medicare has different time periods that provide you with a "no health question time frame" this helps with Medicare Supplements applications. In other words if you apply for a Medicare Supplement Policy during your Open Enrollment Period you will not be asked any health questions and all pre-existing conditions will be covered. No matter if you found out the week before that you were diagnosed with cancer, the insurance company must still accept you during this Open Enrollment Period.