Medicare Basics - Freedom Connect

What is Medicare?

Medicare is a national United States health insurance program for people 65 and older. It is also for people with certain disabilities or people diagnosed with end-stage kidney failure or ALS. This program is divided into various parts.

Medicare Part A

Medicare Part A is your hospital coverage. It provides you with affordable inpatient care. It also covers some in-patient skilled nursing facility care, some home health care, and hospice care.

Medicare Part B

Medicare Part B is the medical coverage that gives you access to a variety of outpatient services. These include doctor’s visits, laboratory testing, advanced imaging such as MRI or CT scans.

Medicare Part D

Part D is coverage for retail prescription drugs. These are stand-alone drug plans that add prescription drug coverage to Original Medicare. Prescription Drug Plans help with the cost of prescriptions, vaccines, and some medical supplies not covered by Medicare Part A and Part B.

Medicare Supplement

Medicare Supplement insurance plans or Medigap policies are sold by private insurance companies. There are 10 modernized plans labeled A through N that pay for part, or all, of Medicare’s co-payments and deductibles. They are intended to help cover the gaps in Original Medicare (Parts A & B). Popular plans include Plan F, G, and N.

Medicare Advantage

Medicare Advantage Plans, also known as “Medicare Part C Plans” are offered by private companies approved by Medicare. If you’re enrolled in a Medicare Advantage Program, Medicare services are covered through the plan and aren’t paid for under Original Medicare. Many plans will include prescription coverage. You can have Medicare Advantage or a Medicare Supplment, but not both.

Dental, Vision, Hearing

Dental care, eye care, and hearing are not covered by Original Medicare (Parts A+B). Therefore it is up to you to find a plan that helps with covering these costs. At NSBA we offer a wide variety of carriers that can help you find a plan tailor fitted to your needs.

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