Medicare in Illinois For Individuals Over 65
Over 65 Medicare
Medicare is a federal health insurance program for people age 65 or older, or people under 65 with certain disabilities. Medicare has four basic parts that include services like hospitalization, physician services, prescription drugs and more. There are two main ways to get Medicare coverage through Original Medicare and Medicare Advantage Plans.
Parts of Medicare Coverage:
- Part A: Hospitals
- Part B: Doctos
- Part C: Replaces A&B with private insurance
- Part D: Prescription Drugs
The first way Original Medicare:
Part A: Pays for things like hospitalization services, inpatient care, skilled nursing facility, or hospice care. It is typically free.
Part B: Pays for things like doctor visits and other health care providers, outpatient care, durable medical equipment, home health care, and some preventive services. There is typically a cost, for 2015 it will cost most people $104.90.
After signing up for Original Medicare many people also purchase a secondary policy called a Medicare Supplement which will pay for services that Medicare does not cover.
The second way Medicare Advantage Coverage:
Part C: Commonly referred to as Medicare Advantage policy is a type of health plan offered by a private insurance company that contracts with Medicare to provide both Part A & Part B benefits.
Part D Drug Coverage:
There are two ways to get prescription drug coverage under Medicare either by adding a Medicare Prescription Drug Plan (Part D) or getting a Medicare Advantage Plan (Part C) such as an HMO, POS or PPO that offers Medicare prescription drug coverage.
Additional Medicare Links: