A GoMedicare agent helps Medicare customers compare insurance plans and quotes from a variety of providers. For an accurate estimate of the cost of a plan, compare monthly premium rates and projected expenses (coinsurance and copayments).
In the days that follow, an insurance representative will contact you to discuss Medicare coverage in your area. If you have Original Medicare, you are able to compare Medicare Supplement plans and Medicare Part D prescription drug coverage. A Medicare supplement or Medigap plan can help control your original Medicare costs.
Medicare Insurance
There are various Medicare “parts” to choose from (Medicare Part A, Medicare Part D, etc.)
Medicare Part A– Hospitalization benefits (coverage for hospital stays)
- As part of inpatient hospital care, you will be admitted to the hospital after being examined by a doctor.
- Qualified nursing facilities (QNF): Medicare covers room, board, and various services offered by nursing homes, including medication administration, tube feeding, and wound care.
- Home health care: Medicare covers home healthcare for people who are confined to their homes and need specialist care.
- An individual may choose hospice care if their physician determines that they are terminally ill.
Medicare Part B – Outpatient Insurance (provides coverage for outpatient care)
- Individuals who provide medically necessary services.
- Devices that have a medical purpose are termed durable medical devices (DME).
- In-Home Health Services – These are services provided when you are at home and require skilled care or therapy.
- Usually, ambulances transport emergency patients to and from hospitals.
- A preventive service consists of health checkups and consultations intended to keep you healthy so you can avoid illnesses and diagnose conditions.
- The services offered by an outpatient therapist are physical therapy, speech therapy, and occupational therapy.
- Providers of psychiatric services.
Medicare Part C – Medicare Part C insurance plans follow a traditional insurance structure and encompass:
- A Health Maintenance Organization (HMO) is a type of health insurance plan.
- Plans offered by preferred provider organizations (PPOs)
- Plans that charge for services on a fee-for-service basis
- The Special Needs Plan (SNP)
- Plans for Medicare Savings Accounts (MSAs)
Medicare Part D – Prescription Drug Benefits
Outpatient prescription drugs (medications you get at a pharmacy) are covered. You should check your plan’s formula to see if it covers the medications you need.