What is Medicare?
Medicare is insurance you get when you turn 65 or when you retire.*
Medicare is composed of a bunch of different, smaller insurances that work together to provide you with full-coverage.
Only 80% of medical bills are covered with Medicare Part A & B
Medicare A is free for most people.
Medicare B is paid through your social security benefits.
These two parts do not cover medications.
What are some options for filling the gaps in my coverage?
MEDICARE PART C
Part C, also known as Medicare Advantage, covers the 20% gap in coverage and your medications
Many plans also cover dental and vision.
The plans are often similar to an HMO, so your doctor has to be in-network.
MEDICARE PART D/ PRESCRIPTION COVERAGE MEDIGAP/SUPPLEMENTAL
Part D, also known as Prescription Drug Plan (PDP) covers your medications.
Medigap (also known as Supplemental) covers the 20% gap in coverage and sometimes covers your Part B premium.
These plans are accepted by almost any provider that accepts insurance. If, for example, you live half the year in Florida and half the year in New York, you should get this package.
*If you are receiving SSI you may receive Medicare before you are 65.