Retirement and old age come fast. Turning 65 years old means that you can start receiving your Medicare insurance. There are choices to make, and making the right choice is very important. At Busick Insurance Agency LLC in Orleans, IN, we are here to help with this critical decision.
Original Medical is Part A and Part B. This is the Medicare that your parents and grandparents had. Hospital insurance is Part A, and medical insurance is Part B. Any doctor who accepts Medicare is available to you. The plan pays 80% of reasonable charges. This type of Medicare does not have any prescription drug coverage.
Medicare supplemental policy
A Medicare supplemental policy is something that you have to get on your own to cover the 20% copay. Different carriers offer it, which is not price-controlled, so your insurance will get higher as you get older.
Medicare Part D (Prescription coverage)
If you choose original Medicare, you must get a Medicare Part D policy for prescriptions. Even if you don’t have any prescription drugs, it is wise to get coverage anyway. If you don’t, you will pay more forever when you do decide to get it. It increases yearly, making joining as soon as possible a good idea.
Medicare Part C (Advantage)
You can choose Medicare Part C, known as Advantage, instead of Original Medicare. It is managed by an insurance company and offers many benefits. Many include prescription, dental and vision coverage. You also don’t pay 20%. Some plans include health club memberships, OTC allowance, and even home meal deliveries.
Contact Busick Insurance Agency LLC in Orleans, IN to sit down and discuss what type of Medicare coverage is right for you.