Medicare is the federal government health insurance program for individuals in the United States aged 65 and older as well as younger individuals who have certain disabilities and End-Stage Renal Disease (ESRD). If you need help with Medicare, Burchfield Insurance Group has the knowledge and expertise to give you the Medicare assistance you need. We are ready to guide you through the process from signing up to deciding which Medicare delivery system is is the best choice for you.
Medicare was created in 1965 so that, those over 65 could get health insurance coverage they needed. Originally limited the only Part A and Part B, Medicare has changed and evolved to provide additional coverage. Today, Medicare provides access to healthcare for Americans who are 65 and older, improving the health and healthcare access for older Americans.
Original Medicare includes both Part A, hospital insurance, and Part B, medical insurance. While Part A and Part B provide coverage for the majority of your expenses, the Medicare program has evolved over time and now includes Part C, Medicare Advantage Plan’s, and Part D, Prescription Drug Coverage, as well as Medicare Supplements, known as Medigap Plans.
Medicare Part A (Hospital Insurance)
Medicare Part A (Hospital Insurance) is responsible for inpatient hospitalizations, as well as skilled nursing facility care, hospice or palliative care, and some types of home health care. Part A is free for most, but it does have cost sharing for services.
Medicare Part B (Medical Insurance)
Medicare Part B (Medical Insurance) is responsible for outpatient services, physician’s services, preventative care, and medical supplies. Part B requires a monthly premium payment, adjusted based on an individual’s income, Medicare Part B does have cost sharing for services. After satisfying a deductible, coverage is generally 80 percent.
Medicare Part C (Medicare Advantage Plan)
Medicare Part C (Medicare Advantage Plan) delivers individual health plans via private insurance companies under contract with Medicare. Medicare Advantage provides Part A and Part B coverage, and in most cases prescription drugs. These plans also provide benefits beyond the scope of Original Medicare, including dental coverage, vision coverage and much more.
Medicare Part D (Prescription Drug Coverage)
Medicare Part D (Prescription Drug Coverage) can be added as standalone coverage to Original Medicare (A and B), or can be obtained as part of a Medicare Advantage Plan. In some cases, failure to enroll in a Part D plan when you are first eligible can result in permanent penalties.
Medicare Supplements (also called Medigap Plans) work as supplements to Medicare, covering healthcare costs not otherwise covered by Original Medicare such as deductibles, coinsurance, and copays. These products are available through private insurers and can help reduce potetial out-of-pocket costs associated with Original Medicare.
Planning for Medicare
Planning for Medicare is crucial as you grow older, but, with all its offerings, it can be quite confusing. Burchfield Insurance is here to help you understand the ins and outs of Medicare and determine what options are best for you. Our know knowledge and expertise give you the guidance you need to make sound decisions regarding the appropriate Medicare program coverage. As an independent agency, we have the ability to stay on top of all the latest changes, looking out for the best interest of our clients, and developing long term relationships built on integrity and trust. The assistance you need with Medicare is waiting for you at Burchfield Insurance, where service to our clients is priority one.
The Medicare Assistance You Need is Here at Burchfield Insurance
As you or your loved one approaches the age of 65, preparing for changes in imminent. One of the biggest concerns for many is getting help with Medicare. Given the many options that come with Medicare today, Burchfield Insurance is ready to help you (or your loved one) find the right Medicare coverage to fit your lifestyle, your healthcare needs, and your budget. From Original Medicare (Part A and Part B) to Medicare Part D, from Medicare Advantage (Part C) to Medicare Supplements, we are here to help you make the most of your Medicare options. Contact us today to receive your FREE quote.