New to Medicare
If you are new to Medicare and want to learn more about how Medicare works and what type of coverage you have this will be a good article for you. The Medicare Insurance Finders website will provide you with up to date information about Medicare Premiums, Coverage and other information that is relative to your insurance needs. Also provided is Online Medicare Supplement Insurance Rates that will insure you do not pay more than necessary for supplemental insurance.
New To Medicare
For those new to Medicare we have more information on our website that deals with the basics of Medicare Parts A - D. Since we try to keep these posts under 400 words it is hard to fit everything on one page, so click here if you would like to learn more after reading the article.
The original parts of Medicare are Part A and B. Original Medicare covers your hospitalization and medical coverage. Part A is free for most people but Part B comes with a premium (which goes up for high income individuals). A majority of people choose to keep their Original Medicare and supplement this coverage with a Medicare Supplement (Medigap) policy.
This original Medicare coverage has deductibles, coinsurance, and co-pays which most people do not want to pay out of pocket. Especially in catastrophic cases where there are extremely large payments (20% of a $50,000 hospital stay). Medicare Supplement Insurance Rates depend on different factors such as date of birth, zip code, tobacco usage, and gender. However, each state is different on how it regulates insurance companies. We highly recommend purchasing a supplement policy to fill in the gaps of Original Medicare.
Medicare Parts C & D
There is also Medicare Part D which is a must. If you do not enroll in these plans when you are new to Medicare (unless you have creditble coverage) you will receive a penalty of 1% per month that you are not enrolled in a drug plan. These plans vary by price and coverage so make sure to speak with someone who can compare all the plans in your area before enrolling. Medicare Insurance Finders can assist with this process.
Medicare Part C (Medicare Advantage Plans) is run by private insurance companies. These plans actually take over the administration of your Medicare. It does not kick you out of Medicare as I hear many people say, but it does stop Medicare from making payments to your providers. Make sure your provider accepts the plan you are wanting to enroll in prior to enrollment. You are not allowed to have a Medicare Advantage Plan and a Medicare Supplement plan at the same time.
Who do I Contact?
If you are new to Medicare and wondering who to contact, you can always call 1-800 Medicare. Sometimes it may be hard to get through so if you need help with bed side manners contact Medicare Insurance Finders at 877-759-5760 or visit us on the web at www.medicareinsurancefinders.com.