Understanding Medicare

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Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease. Medicare is run by a federal agency known as The Center for Medicare & Medicaid Services or CMS. It is funded by Social Security and Medicare taxes you pay on your income, premiums that people with Medicare pay, and through the federal budget.

Understanding your Medicare coverage choices is important. How you choose to get your benefits and who you get them from can affect your out-of-pocket costs and where you can get your care.

Original Medicare provides coverage for you to go to nearly all doctors and hospitals in the country. Medicare Advantage Plans on the other hand have network restrictions. This means that you could be more limited in your access to doctors and hospitals. However, Medicare Advantage Plans can also provide additional benefits that Original Medicare does not cover.

Unfortunately, choosing health insurance is no longer a one-time decision for most Medicare beneficiaries. Insurance companies can make changes to policies every year. Just because your doctor and medications are covered this year doesn’t automatically mean they will be covered in the coming year. Research studies show that the average consumer could save $300 or more annually if they review their Part D coverage.

What Are The 4 Parts Of Medicare?

Part A

Part A

Covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care.

Part B

Part B

Covers certain doctors' services, outpatient care, medical supplies, and preventive services.

Part C

Part C

A type of Medicare health plan offered by a private company that contracts with Medicare to provide you with all your Part A and Part B benefits.

Part D

Part D

Adds prescription drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private-Fee-for-Service Plans, and Medicare Medical Savings Account Plans.

How Can We Help

Navigating the maze of Medicare can be daunting. With so much media coverage and product literature bombarding your mailbox, knowledge is imperative in choosing your Medicare Health Plan. When you come in for your Medicare consultation, we will go over Medicare basics: all its parts, premiums, and deductibles as well as how to evaluate and make an educated decision in choosing your Medicare plan every year with confidence.

By offering you a wide variety of our Medicare products, we can make sure you are placed in the right plan that best suits YOUR needs. When we put you into a program, we not only consider the cost of the premium when you sign up for a Medicare Advantage or Medigap plan, we also look at co-payments and deductibles, too. It is important to remember that the cheapest premium might not provide you with the cheapest overall plan. Contact our office today to schedule your no-cost Medicare consultation.
 

Some of the products we offer.

Medicare Testimonials

  • You can't choose a better, thoughtful, accommodating and knowledgeable person with whom to deal!
    — Jerri L.
  • Medicare and supplements are very confusing. I would recommend Mosaic to anyone who needs guidance in finding the right insurance plan.
    — Judy S.
  • Thanks you for your patience and excellent explanations on Medicare. You helped us so much!
    — Rita & Garret W.
  • When I turned 65, I was overwhelmed by all the Medicare options. Thank you for helping me choose an appropriate plan.
    — Cathleen R.

For educational information regarding Medicare visit the official websites for Medicare, http://www.medicare.gov
Medicare has neither reviewed nor endorsed this information. Non-health or non-plan information included. This is an advertisement. Call to speak with a licensed insurance agent for complete information, including benefits, costs, eligibility requirements, exclusions and limitations.