Your Trusted Partner for Assistance with Medicare Coverage Options
At Jasick & Associates, LLC, we understand the importance of healthcare coverage for Medicare beneficiaries. That’s why we are dedicated to providing you with information about Medicare, a government-sponsored program that provides healthcare benefits to eligible individuals. This page will guide you through the different parts of Medicare, enrollment options, and essential information you need to make informed decisions about your healthcare.
What is Medicare?
Medicare is a federal health insurance program designed primarily for people aged 65 and older. It also covers certain younger individuals with disabilities and individuals with end-stage renal disease (ESRD). The program helps to ensure that you have access to essential healthcare services, including hospital care, outpatient medical services, and preventive care. Medicare.gov
Parts of Medicare
Medicare Part A (Hospital Insurance)
This part helps cover inpatient hospital care, skilled nursing facility care, hospice care, and some home healthcare services. Most people don’t pay a premium for Part A if they or their spouse paid Medicare taxes while working.
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Medicare Part B (Medical Insurance):
Part B covers doctor visits, outpatient care, preventive services, and medical supplies. It requires a monthly premium, and the amount may vary based on your income.
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Medicare Part C (Medicare Advantage)
Medicare Advantage plans are offered by private insurance companies approved by Medicare. These plans combine Part A and Part B benefits, and often include additional coverage, such as prescription drugs, vision, and dental care.
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Medicare Part D (Prescription Drug Coverage):
Part D provides prescription drug coverage. It is offered through private insurance companies that are approved by Medicare. Premiums, deductibles, and copayments vary depending on the plan you choose.
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Enrollment Options
Initial Enrollment Period (IEP): This is the seven-month period surrounding your 65th birthday, including the three months before, the month of, and the three months after. It’s the best time to enroll in Medicare to avoid potential late enrollment penalties.
General Enrollment Period (GEP)
If you missed your IEP, you can enroll during the GEP, which runs from January 1 to March 31 each year. However, you may face late enrollment penalties and coverage may not start until the first of the month after you submit your enrollment during the GEP.
Special Enrollment Period (SEP)
Certain life events, such as retiring from a job with employer coverage or moving out of your plan’s service area, may qualify you for a SEP. This allows you to enroll or make changes to your coverage outside the standard enrollment periods.
Disclosure: Fee-based investment advisory services offered through Sigma Planning Corporation, a registered investment advisor. Jasick and Associates, LLC. is independent of Sigma Planning Corporation. Form CRS
Important disclosures about Medicare Advantage and Part D Plans: We might not offer every plan available in your area. Please visit Medicare.gov or call 1-800-MEDICARE to get inforamtion on all of your options.