Medicare

Additional Information

 We can help you navigate the field and help you understand Medicare Advantage plans or the supplements that can fill the gaps in your coverage.

If you are at least 65 years old, or qualify for social security because of a disability, you are eligible for Medicare. Disabled persons are qualified if they have received Social Security for 24 months and individuals who have Lou Gehrig's disease can receive Medicare immediately upon approval of Social Security Disability Insurance (SSDI).

First, when you enroll in Medicare, you will enroll in Part A and Part B:

  • Part A pays for hospital stays and other related services like home care, and is free to individuals entitled to Social Security.
  • Part B pays for doctor's visits and related costs, and premiums are means tested.

Once you’ve received your Medicare card, with effective dates for Part A and Part B:

  • You can purchase private Medicare supplements that cover some or all of the costs not covered in Parts A and B. Some people will add Medicare Part D to cover prescription drugs or just ad Part D to their Part A or B selection. Premiums vary and low-income individuals might qualify for assistance. If you don’t elect Part D at enrollment and wish to add it later, you can do so with a Late Enrollment Penalty.
  • You can purchase Medicare Advantage (also known as Part C), which combines Medicare Parts A and B and provides additional benefits, along with prescription drug coverage. Part C is provided by various types of private insurance, including HMOs, PPOs, SNPs, PFFS or PACE. Subscribers pay the Part B premium along with an additional premium for Advantage plans.

There is additional coverage available in the form of Medicare Supplemental Insurance, also known as Medigap. Private companies offer these plans to provide additional benefits, like original Medicare deductible and coinsurance coverage. These plans are standardized into Plans A, B, C, D, F, G, K, L, M and N. The factors in choosing supplemental insurance may then largely rely on cost and reputation of the company.

There are a lot of options to navigate. You might find this What is Medicare video helpful or check out the medicare.gov web site. Or you can talk with a broker, who can provide assistance to you at no extra charge. You’ll pay the same whether you choose a plan on your own or enlist the help of a broker. What do you have to lose? Contact licensed broker, Jeff Carlson, today to discuss your options. (719) 360-8441. (This number will connect you to a licensed insurance broker.)  

Colorado Senior Benefits nor its agents are connected with or endorsed by the United States government or the federal Medicare program. 

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