Medicare Benefits Explained by Osborne Insurance Services
Medicare is a federal health insurance program for eligible Americans and is funded through 2 trust accounts held by the U.S. Treasury. The following are categories of people who qualify for Medicare:
- People 65 or older
- People under 65 with certain disabilities
- People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)
What are the Different Parts of Medicare?
Coverage is divided into different parts, each with its own purpose: Parts A, B, C, and D.
Medicare Part A, also called Hospital Insurance (HI), does not require a premium because you or your spouse already paid for it through payroll taxes. Medicare Part A helps cover:
- Hospital inpatient care
- Access to critical access hospitals
- Skilled nursing facilities (not custodial or long-term care)
- Hospice and home health care
Medicare Part B covers outpatient care. Most people pay a standard premium for Part B. Part B can help cover medical services and supplies that Part A does not cover, as well as the following:
- Services from doctors and other health care providers
- Outpatient care
- Home health care
- Durable medical equipment (DME)
- Some preventive services
Medicare Part C is available through private insurers and is also called Medicare Advantage. Part D is for prescription drug coverage.
Osborne Insurance Services Has You Covered with a Wide Range of Medicare Supplement Insurance Plans
Osborne Insurance Services would be happy to discuss dependable Medicare supplement plans for eligible Medicare recipients. Contact us today at 1-888-777-7844 to get a free quote.