What is Medicare?
Under the social security act of 1965 Medicare became an important part of our health care coverage. It was designed with the purpose of providing health insurance to US Citizens age 65 and older.
What You Need to Know about Medicare
There are four parts to Medicare (Part A and Part B together are called “Original Medicare”):
- Part A covers inpatient hospital and skilled nursing services.
- Part B covers outpatient medical services.
- Services from doctors and other health care providers
- Outpatient care
- Home health care
- Durable medical equipment
- Some preventive services
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- Part D covers prescription drugs, is purchased through private insurance companies and can be added to Original Medicare for a premium.
- Part C, which is also called Medicare Advantage and is purchased through private insurance companies. Part C combines all 3 other parts of Medicare and provides additional benefits as well. In many cases Part C plans may have no additional premium.
Who is Eligible for Medicare?
Roman Brokers Insurance can help you determine if you are eligible for Medicare. A primary requirement is that you must be a U.S. citizen or a legal resident for more than 5 years. You also qualify If you are under 65 and you have received Social Security Disability income for 24 months.
If you are 65 and older and qualify for premium-free Part A, it is likely you will be enrolled automatically for Medicare Part A, which covers hospital services. Medicare Part B covers doctor and other medical services, but typically you must apply for Part B and pay a monthly premium. For more information on Medicare eligibility call Dan Roman at 480-834-7447.
Income-Related Monthly Adjustment Amount (IRMAA)
If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard Part B premium AND an income-related monthly adjustment amount. If you have questions about your Part B premium, call Dan Roman at Roman Brokers Insurance at 480-834-7447.
Roman Brokers Insurance in Mesa, AZ represents a wide range of Medicare plans and options that will best suit your specific needs and preferences. Roman Brokers Insurance compares companies and plans for the best possible combinations of costs, coverage and individual compatibility. A licensed, insured, independent agent will walk you through the process and give a detailed explanation of the differences in each plan. Contact Dan Roman today at 480-834-7447.