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MEDICARE 101

Medicare is our country's health insurance program for people age 65 or older. Certain people younger than age 65 can qualify for Medicare, too, including those with disabilities and those who have permanent kidney failure. 
 

The program helps with the cost of health care, but it does not cover all medical expenses or the cost of most long-term care. You have choices for how you get Medicare coverage. If you choose to have Original Medicare (Part A and Part B) coverage, you can buy a Medicare Supplement Insurance (Medigap) policy from a private insurance company. 

Parts of Medicare

  • Social Security enrolls you in Original Medicare (Part A and Part B). 

  • Medicare Part A (hospital insurance) helps pay for inpatient care in a hospital or limited time at a skilled nursing facility (following a hospital stay). Part A also pays for some home health care and hospice care. 

  • Medicare Part B (medical insurance) helps pay for services from doctors and other health care providers, outpatient care, home health care, durable medical equipment, and some preventive services. 

  • Other parts of Medicare are run by private insurance companies that follow rules set by Medicare. 

  • Supplemental (Medigap) policies help pay Medicare out-of-pocket copayment, coinsurance, and deductible expenses. 

  • Medicare Advantage Plan (previously known as Part C) includes all benefits and services covered under Part A and Part B — prescription drugs and additional benefits such as vision, hearing, and dental — bundled together in one plan. 

  • Medicare Part D (Medicare prescription drug coverage) helps cover the cost of prescription drugs. 
     

Most people age 65 or older are eligible for free Medical hospital insurance (Part A) if they have worked and paid Medicare taxes long enough. You can enroll in Medicare medical insurance (Part B) by paying a monthly premium. The standard Part B premium amount in 2021 is $148.50. Some beneficiaries with higher incomes will pay a higher monthly Part B premium.  

 

Source: Social Security Administration, Online at https://www.ssa.gov/benefits/medicare/ 

 

Click here at access the official  “Medicare & You” guide.  

Click here to access the official “Choosing a Medigap Policy” guide 

Click here to access the official “Medicare Advantage Plan” guide. 

Click here to access the official “Medicare Prescription Drug (Part D) guide. 

 

As an independent broker, it is our job to explore your needs and budget and find you the best available plan.

 

If you need help with selecting the right plan for you or your family, give us

a call at (720) 744-0065, E: ricky@itrustin.com

 

HELP FOR SENIORS

Government:
 

Local Senior Help Resources
USDA Housing Repair Grants
US Housing and Urban Development Programs
Low Income Home Energy Assistance Program (LEAP)
Medicaid
Medicare
Senior Farmers’ Market Nutrition Program
Commodity Supplemental Food Program
Social Security
IRS Elderly Tax Credit
Federal Transit Admin ADA Paratransit

 

 

Prescription Drug Help:

Medicaid
Medicare
Medicine Assistance Tool
Rx Hope


 

Organizations:

Volunteers of America
Senior Living
The National Council of Aging’s Program
Feeding America
Retirement Jobs
Dental Lifeline Network
iCanConnect: Provides training and equipment for senior citizens with significant hearing and vision loss.
Meals on Wheels
Senior Companions
National PACE Association
National Adult Day Services Association


 

Food Bank:

Feeding America, online at https://www.feedingamerica.org/


 

Rental / Housing Assistance:

Online at https://www.hud.gov/topics/rental_assistance

Low Income Housing Directory, Online at https://www.lowincomehousing.us/


 

Help with Bills:

https://www.usa.gov/help-with-bills


 

Welfare / TANF:

https://www.acf.hhs.gov/ofa


 

211.Org


Provides a comprehensive source of locally curated social services information.

  • Health insurance & medical expenses

  • Home Internet access

  • Unemployment benefits

  • Federal Family and Medical Leave Act (FMLA)

  • Mortgage, rent, and utility payment assistance.

  • Supplemental Nutrition Assistance Program (SNAP)/Food Stamps

  • Food Assistance

  • Relief for "gig economy" workers and contractors

  • Mental health and crisis


​Online at https://www.211.org/

 

COVID HELP FOR SENIORS

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