Medicare
What Is Medicare?
In short, Medicare is health insurance coverage for individuals aged 65 or older with a few exceptions for younger people to include those with disabilities and anyone with permanent kidney failure. Medicare helps cover the cost of healthcare, but it does not cover every single expense like the cost of care at a nursing facility or hospice care.
Medicare Parts
Medicare consists of four parts:
- Part A: Helps the insured pay for inpatient stays at a hospital and select limited time spent in hospice care or a nursing facility. You can think of Part A as hospital insurance.
- Part B: Think of this as medical insurance that can help you pay for services from healthcare providers, medical equipment, home healthcare, and more. Keep in mind that there is a premium associated with selecting Medicare Part B so you have the option of electing not to have it if the cost is prohibitive or the coverage is not needed.
- Part C: Known as Medicare Advantage Plan this is offered by a private insurance company and includes Parts A and B together in one plan. If you are in the North or South Carolina areas, Tarlton Insurance is happy to schedule a consultation with you to determine what type of Medicare coverage is right for you.
- Part D: Helps cover the cost of prescription drugs.
From choosing when to elect Medicare to deciding which parts you need the process can be complicated. At Tarlton Insurance, our professional staff know the insurance industry like the back of their hands. We'll work with you to make the process as easy as possible and you can trust that we have your best interests in mind. From discussing your current healthcare needs to assessing future needs, we are your go-to option for insurance needs in North Carolina and South Carolina. Contact us today to schedule a time to stop by our office and let us help you make the most of your retirement.