Medicare Explained

Medicare is a federal government health insurance program that provides health coverage for seniors older than 65. It’s also available for those younger than 65 with a disability. Having Medicare in place gives you the chance to get the healthcare coverage you not only need, but deserve.

Medicare Eligibility

To be eligible, you must meet one of the following requirements:
• You are 65 years or older
• You have End-Stage Renal Disease
• You are younger than 65 with a disability

Some people are automatically enrolled in Medicare, while others have to sign up. There are certain times of the year when you can enroll. These periods are known as the Initial Enrollment Period, General Enrollment Period, and Special Enrollment Period.

What Are the Different Types of Medicare?

Medicare has four different parts, and each part provides you with different coverage: Medicare Part A, Medicare Part B, Medicare Part C, and Medicare Part D. Medicare Supplements are also an option to cover any gaps your plan may have.

Everyone’s needs are different. At American Insurance Group, we’re experts at helping you find the best Medicare coverage for your needs so you can stay healthy and protected as you age.

Original Medicare

Parts A and B together make up what is known as Original Medicare. Medicare Part A is hospital insurance. It typically covers inpatient care in a hospital, nursing home care, home health care, hospice care, and skilled nursing facility care.

Medicare Part B is medical insurance. It typically covers services that are deemed medically necessary as well as preventive and screening services.

Medicare Part C

Medicare Part C, also known as Medicare Advantage, is sold by private, Medicare-approved companies. Medicare Part C offers a bundled alternative to Original Medicare, providing full Part A and Part B coverage. Some plans also offer extra coverage such as dental, vision, hearing, or prescription drug coverage.

Medicare Part D

Medicare Part D provides you with prescription drug coverage. Prescription medications can be very cost-prohibitive on their own, so we highly recommend signing up for one of these plans as soon as you become eligible for Medicare.

Please note that Medicare Part D is an addition to Original Medicare, not an alternative to Original Medicare.

Medicare Supplements

Medicare Supplements, also known as Medigap, are health insurance plans that help fill the gaps in Original Medicare coverage (Medicare Part A and Medicare Part B). Medigap is sold by private insurance companies and can help pay for health care costs like coinsurance, deductibles, and copayments.

Find The Plan That's
Best For You

American Insurance Group Can Help with Your Medicare Needs

American Insurance Group is here to help you make one of the most important decisions of retirement: how you’ll get your healthcare coverage. We help you make informed, educated choices about Medicare so you can get the coverage you need as you age.