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Spearfish Insurance Brokerage can assist you in finding the right plan to fill Medicare gaps in coverage by helping you select the best plan to manage your health care cost.
Choose from any of the nationally known companies Spearfish Insurance Brokerage represents.
Medicare is a federal health insurance program, administered by the Social Security Administration, that provides health care for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD).
We offer free Medicare quotes at no cost to you. By getting a free Medicare quote you’ll be dealing with one of our experienced, certified professionals face to face. Don’t worry about trying to navigate the confusion of the different plans and parts of Medicare, let the professionals at Spearfish Insurance Brokerage help you.
2016 Medicare and You Handbook
Medicare consists of four parts: Part A, Part B, Part C, and Part D. Each part of Medicare covers different services. Parts A & B are provided by the federal government while Parts C & D are provided by private insurers.
Medicare terminology can get a little confusing. The different parts are often referred to in the following ways:
In order to qualify for Medicare coverage, you must be at least 65 years old and a citizen (or permanent legal resident) of the United States. You also may qualify if you are under 65 and have a disability.
Most seniors will be enrolled in Original Medicare automatically through Social Security. If not, applicants can apply during certain enrollment periods. Spearfish Insurance Brokerage cannot enroll you in Medicare. However, we are more than happy to help navigate you through the Medicare process. We provide free quotes and consultation to help you find the best Medicare health and prescription drug coverage to fill in Medicare gaps for qualified individuals.
Many people are enrolled in Medicare Parts A & B automatically. You may be enrolled automatically if one of the following applies to you:
If you’re automatically enrolled, you will get a Medicare card in the mail 3 months before your 65th birthday. If you don’t want Part B (which requires you to pay an additional premium), you should follow the instructions on the back of the card to reject it.
If you are not enrolled in Medicare automatically, you need to apply during an enrollment period. Enrollment periods are windows when you can join Medicare. There are 3 enrollment windows for getting Medicare Parts A & B:
The Initial Enrollment Period (IEP) is the first window when you can enroll in Medicare. Your IEP is 7 months long. It starts 3 months before the month you turn 65. It continues through the month you turn 65 and then for another 3 full months after that. So if you turn 65 on June 5, your IEP starts on March 1st (3 months before June) and ends on September 30 (3 full months after June).
If you know you want Medicare coverage, apply as early as possible. The reason you should apply early is if you apply before the month of your 65th birthday, coverage will start immediately. If you apply during the month of your birthday or later, there will be a delay.
A Special Enrollment Period is when you can sign up if you skipped enrollment when you were first eligible because you were covered by an employment-based group health plan. (Note: COBRA and retiree health plans are not considered employment-based group health plans.)
If this situation applies to you, you can enroll in Parts A & B during the following periods:
The General Enrollment Period is when you can sign up for Part A or Part B if you didn’t during the Initial Enrollment Period and aren’t eligible for a Special Enrollment Period.
The General Enrollment Period lasts from January 1 to March 31 of each year. Those who sign up during this time might pay a higher premium and will not receive coverage until July 1 of that year.
Eligible applicants should apply with the Social Security Administration. Before enrolling in Medicare, you should have the following information ready:
After the application is submitted, you will be contacted by a Social Security Administration (SSA) representative if they need any additional information. Accepted applicants should receive a decision letter in the mail. If you manually enroll, your card will arrive within 30 days of enrollment.
Each part of Medicare provides different health care benefits:
Part A is hospital insurance and is the first half of Original Medicare. It covers inpatient hospital stays, hospice care, and skilled nursing facility care. Medicare Part A includes:
Part B is medical insurance and is the second half of Original Medicare. It covers outpatient hospital care, preventative care, doctor’s services, and other medical services. Medicare Part B includes:
Part C (Medicare Advantage)
Part C is insurance that covers the same things as Original Medicare, but it is provided by private companies and usually includes additional benefits, such as prescription drug coverage, vision, dental, and wellness programs. Medicare Part C includes:
Part D is the Prescription Drug Coverage portion of Medicare. The plans are offered by private insurers and not the federal government. Part D is an optional add-on. Medicare Part D includes:
Meeting with the experienced professionals at Spearfish Insurance Brokerage can help you decide which parts of Medicare are right for you, and help you sign up for additional coverage. We believe in meeting with our clients face to face so that we can better understand and serve your needs. We provide free insurance coverage quotes at no additional cost or markup to your premium.
|Medicare Supplement Insurance (Medigap} plans|
|Medicare Part A coinsurance and hospital costs (up to an additional 365 days after Medicare benefits are used)||100%||100%||100%||100%||100%||100%||100%||100%||100%||100%|
|Medicare Part B coinsurance or copayment||100%||100%||100%||100%||100%||100%||50%||75%||100%||100%
|Blood (first 3 pints)||100%||100%||100%||100%||100%||100%||50%||75%||100%||100%|
|Part A hospice care coinsurance or copayment||100%||100%||100%||100%||100%||100%||50%||75%||100%||100%|
|Skilled nursing facility care coinsurance||100%||100%||100%||100%||50%||75%||100%||100%|
|Part A deductible||100%||100%||100%||100%||100%||50%||75%||50%||100%|
|Part B deductible||100%||100%|
|Part B excess charges||100%||100%|
|Foreign travel emergency
(up to plan limits)
|Out-of- pocket limit in 2015|
* Plan F also offers a high-deductible plan in some states. If you choose this option, this means you must pay for Medicare-covered costs (coinsurance, copayments, and deductibles) up to the deductible amount of $2,180 in 2015 before your policy pays anything.
** Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don't result in an inpatient admission.