Do you currently have Medicare coverage and want to explore your options for Medicare Supplement Insurance? Are you approaching your 65th birthday and need to learn more about what Medicare covers and what it doesn’t? Are you leaving your employer’s plan and want clarity on what your options are?
At American Insurance Associates, we’re passionate about helping you by providing clear, understandable information about Medicare supplemental insurance plans. You may be trying to sort through piles of information about Medicare and Medicare supplement insurance policies. As local insurance experts, we’re here to help!
Medicare Basics
For more than 50 years, Medicare has provided individuals age 65 and older with health insurance coverage. This U.S. government-sponsored program is divided into four parts:
Part A – Hospital insurance: Covers hospital stays
Part B – Medical insurance: Covers doctor & outpatient visits
Part C – Medicare Advantage Plans: Offer some private insurance options in addition to Medicare A & B including Part D
Part D – Prescription drug coverage
Medicare Eligibility
Those who are eligible to receive Medicare coverage are:
- Individuals 65 and older
- Individuals who are under 65 and qualify on the basis of a disability.
- Individuals of any age who have end-stage renal disease
How Does Medicare Supplement Insurance Work?
Medicare Parts A and B provide coverage for most of your potential healthcare and hospitalization needs. However, there are some out-of-pocket “gaps” that enrollees need to consider. These gaps include deductibles, co-payments and coinsurance.
Medicare typically covers only 80% of your medical expenses. Uncovered charges can add up if there is a major injury or illness and can even cause financial hardship. This is where Medicare supplemental insurance comes into play. These “Medigap” policies are designed to bridge the gaps in Medicare’s benefits. Plans A thru N are offered by private insurance companies. They are purchased in addition to your Medicare Parts A & B.
Obtain a Medicare Supplement Insurance Quote
If you’re considering purchasing a Medicare Supplement policy, we encourage you to call us to compare your options. We can help you understand the benefits of each plan and determine which one makes the most sense for you and your budget.
Because we’re your local Castle Rock licensed, independent insurance agent, we’re here to help you get a plan that could save you thousands of dollars if and when you need medical care. We can also help you with all of your other insurance needs from auto and homeowner’s insurance to a full range of life insurance options.
Call American Insurance Associates today at 303-663-1555 for a FREE quote on a Medicare Supplement Insurance Plan, a Medicare Advantage plan, or a Medicare Part D Prescription Drug Plan.
Give us a call today, ask what plans we represent, at 303-663-1555.
