COMPARE MEDICARE RATES

New to Medicare

When you are first eligible for Medicare and during specific times of the year, you can choose between two options for your coverage: Original Medicare (Part A & B) with a Medicare Supplement, or a Medicare Advantage Plan (Part C).

We can help you determine which plan is the best fit for you based off of your needs and your budget

There are four parts of Medicare. Part A and B are Original Medicare-administered by the federal government. Part C and D come from private companies that are contracted with Medicare one year at a time to provide services.

Part A

Part A of Medicare helps to pay for medical care that is received if you have been officially admitted to a hospital or other similar facility such as a skilled nursing center, rehab center, or hospice care. Your Part A coverage will begin 6 months back from the date you apply for Medicare or Social Security benefits, but no earlier than the first month you were eligible for Medicare. Your coverage will begin the first day of your birth month. You usually do not have to pay a monthly premium for Part A if you or your spouse have worked for 10 years and paid Medicare taxes. If you are not eligible for a premium-free Part A, you may be able to buy Part A. If you are not eligible for premium-free Part A and you do not enroll when you are first eligible, your premium may increase by 10% for twice the number of years you could have had Part A coverage but did not enroll. The Medicare Part A deductible is $1,484 per benefit period for the year 2021.

Part B

Part B of Medicare is any medical care you require that is not covered by Part A such doctor visits, testing, treatments, physical therapy, ambulance, emergency room, outpatient treatments, etc. Part B also covers many preventative services-healthcare to prevent illness or detect illness at an early age, when treatment is likely to work best. This includes your yearly wellness visit, diabetes screening, flus shots, screening mammograms, and more. If you are receiving Social Security payments prior to turning 65 you will automatically be enrolled in Part B of Medicare unless you take action to opt out. If you are not receiving Social Security, you will need to take some action to enroll in Part B of Medicare. You can do this by contacting your Social Security administration office by phone or by going online. The cost of your monthly premium is determined by many factors including your income. The normal monthly premium for Part B is $148.20 (2021), but if your income exceeds $87,000 as an individual or $174,000 jointly, you are subject to a higher premium. The premium is paid through Social Security. If you are not yet drawing Social Security, the premium will be billed to you directly. If you or your spouse are currently working and you have creditable coverage through your employer, you can postpone signing up for Part B with no penalty. If you are not currently working and do not have creditable coverage, and you do not sign up for Part B during the enrollment period, you will be subject to a 10% penalty. The Part B deductible ($203 in 2021) must be met before Medicare will pay for medical insurance. This deductible is paid annually and resets every year in January. Once your annual deductible has been satisfied, Medicare will pay 80% of your Part B medical care. You will then be responsible for a 20% copayment for all Part B care received during the remainder of that calendar year.

There are no pre-existing condition restrictions for Parts A or B, meaning Part B will cover any outpatient need related to your pre-existing conditions such as asthma, diabetes, and cancer.

Navigating the medicare insurance options is not easy. Senior Benefits was extremely helpful. They are very knowledgeable about the benefits/insurance that was available in my county. They were also timely on their responses, helping with forms, etc. I would highly recommend them.

- W Johnson

Navigating the medicare insurance options is not easy. Senior Benefits was extremely helpful. They are very knowledgeable about the benefits/insurance that was available in my county. They were also timely on their responses, helping with forms, etc. I would highly recommend them.

- W Johnson

Navigating the medicare insurance options is not easy. Senior Benefits was extremely helpful. They are very knowledgeable about the benefits/insurance that was available in my county. They were also timely on their responses, helping with forms, etc. I would highly recommend them.

- W Johnson