Medicare Part A is hospital insurance. It covers you during short-term inpatient stays in hospitals and for services like hospice. It also provides limited coverage for skilled nursing facility care and certain in-home healthcare services.
Medicare Part B is medical insurance that covers everyday care needs like doctor’s appointments, urgent care visits, counseling, medical equipment, and preventive care.
Medicare Part C is also called Medicare Advantage. These plans combine the coverage of parts A and B and aspects of part D into a single plan. Medicare Advantage plans are offered by private insurance companies and are overseen by Medicare.
Medicare supplement plans are private insurance plans designed to fill some of the gaps in Medicare coverage. For this reason, people also call these policies Medigap. Medicare supplement insurance cover things like deductibles and copayments.
Medicare Part D is prescription drug coverage. Part D plans are stand-alone plans that only cover your medications. These plans are also provided through private insurance companies.
Let us help you navigate through the Medicare maze of Yes, No, Maybe, and Sometimes. Meet Amanda Wheelis, Lake Advisory Group’s upbeat and up-to-date Medicare Planning Specialist. She’s always ready to answer questions like these:
How could my income affect my monthly Medicare premiums?
Do I need to sign up for Medicare Part A and B if I’m still working?
How can private insurance help me with the costs of Medicare?
How do I avoid the coverage gap with Medicare Part D prescription drug plans?
Amanda Wheelis joined Lake Advisory Group in early 2019, originally as an Administrative Assistant. Promoted in 2020, she now uses her organizational skills and drive for professional excellence in her role as a licensed independent...