Medicare

I offer tailored Medicare services to eligible clients. At age 64 1/2 you should be contacting a Medicare Agent (hopefully me) to begin planning for how Medicare will directly or indirectly effect you.

The following information is a brief overview of the types of products available:

Medicare Supplements (Medigap)

Medicare Supplement Insurance, also known as Medigap, provides coverage for services that are not covered in the original Medicare program (Parts A and B). The Medigap Plan is not designed to replace any Parts of Medicare. Instead it supplements medical coverage for things such as co-payments or coinsurance, deductibles and more. Medigap or Medicare Supplemental Insurance plans are standardized by the federal law, but these plans are sold and administered by private companies.

Medicare Prescription Drug Plan (Medicare Part D)

Part D Medicare Prescription Drug Plan is a stand-alone drug plan that adds prescription drug coverage to original Medicare. Medicare prescription drug coverage covers both brand name and generic prescription drugs at participating pharmacies. You must join Medicare Part D for coverage to begin.

Medicare Advantage
Medicare Advantage plans are health insurance plans that are approved by Medicare, but run by private companies. A Medicare Advantage plan replaces Medicare Part A and Medicare Part B. It combines the benefits of both parts. In most cases Medicare Advantage Plans requires you to pay a monthly premium in addition to the Part B premium you already pay and acts much the same as an HMO network plan.

 

Your Medicare Summary Guide 2018

 

Chad Farnum

Medicare Supplements | Individual & Small Group Health Insurance

chad@farnuminsurance.com | 817-456-9917