Individuals who are over the age of 65 have access to the federal insurance program, which is designed to offset the expenses associated with medical care. There are a variety of plan types and other coverage options that compliment the standard insurance offered, but it is often confusing for individuals to choose the right program for their needs. If the idea of selecting medicare insurance in Palm City FL is overwhelming, keep reading, as the following divides the process up into three separate parts that will allow anyone to understand their available choices.
Original or Advantage
Medicare is divided into two plans, an original program, and the Advantage program. Original Medicare offers two subsections, with part A covering hospitalization and part B covering medical expenses not derived from hospitalization. The Advantage Medicare program, or part C, is a combination of both A and B and is designed to offer a higher level of coverage by providing financial assistance for both standard medical expenses and hospitalization.
Prescription Coverage
Prescription drug coverage is lumped into a separate category, part D, and is usually administered by a third party which oversees the collection of monthly premiums and payment of any claims. The purchase of prescription coverage is not required with either of the Medicare coverage options, and it is usually most beneficial for individuals that take a vast array of medications.
Supplemental Options
The third item to consider is whether or not a supplemental coverage option is needed. Individuals that enroll in the Advantage program do not qualify for a supplemental insurance option, but those receiving standard coverage may select a third party to help offset the cost of any medical expenses that are not covered by medicare insurance in Palm City FL. It is vital to consider the premium of the coverage and the various benefits provided when determining if it is a worthwhile investment.
The world of Medicare is often confusing, but with a little research, it is possible to find an option that will meet a person’s needs. Contact OWEN Insurance Group and let one of their agents describe the available plans in more detail. They will provide the knowledge needed to select coverage that will meet a person’s needs now and for years into the future.
