MEDICARE SPECIALIST

Medicare

UNDERSTANDING MEDICARE

Medicare is a national healthcare system for U.S. citizens over the age of 65 and for certain individuals under 65 with qualifying conditions.

Signed into law by President Lyndon B Johnson in 1965, Medicare was introduced as a national healthcare system for U.S citizens over the age of 65 and for certain individuals under the age of 65 with qualifying conditions.  Medicare is administered by the Center for Medicare Services. It provides initial coverage for hospital and facility costs through Part A and for medical needs through Part B.

Medicare was never meant to be 100% comprehensive coverage and so shortly after its introduction, insurance carriers introduced “GAP” policies to cover what Medicare did not.

In the 1990’s, new legislation gave those eligible for Medicare coverage more options on the private market with the introduction of Medicare Part C – Medicare Advantage. These new options offered added benefits such as prescription drug coverage for new enrollees.  

In 2005, President George W. Bush introduced Part D which provides private insurer drug coverage for Medicare beneficiaries who, up until then, may have had prescription drug coverage.

Each year, Medicare allows beneficiaries to review plans and change to a more suitable option, based on their personal health needs. The “Annual Enrollment Period” runs from October 15 through December 7. This is the time to review your options and make changes.

Medicare is a confusing labyrinth that the average person would not know how to navigate. That is why it is important to review this with someone trained in the various options available to you.

Shoreline Insurance is certified to assist you with your Medicare needs. Steve will gladly review what you have and, if necessary, will offer other options more suitable to your current needs.