MyInsuranceDecisions.com lets you determine what type of health insurance may be best for you.
Click the next tab for Medicare Decisions if you are eligible for Medicare. Click the Under Age 65 Decisions tab to identify health insurance options open to those not eligible for Medicare.
Medicare
Medicare is health insurance for people age 65 or older, under age 65 with certain disabilities, and any age with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a kidney transplant).
Original Medicare or simply Medicare is the federal government insurance plan available nationwide. You are usually charged a fee for each health care service or supply you receive. Original Medicare is a fee-for-service program that pays physicians and other health care providers for your care when you are sick. You may want to purchase private coverage that fills gaps in Part A and Part B coverage. You can choose to buy private supplemental coverage, like a Medigap (Medicare Supplemental Insurance) policy. Costs vary by policy and company. Employers and unions may offer similar coverage.
As an alternative, you can look into a Medicare Advantage (Medicare Part C) plan. Private insurance companies approved by Medicare provide this coverage. In most plans, you must see plan doctors. You usually pay a copayment for covered services. If you join a Medicare Advantage Plan, you usually don’t need, and can’t buy, a Medigap policy. Medicare Advantage Plans use an approved network of doctors, hospitals and other health care providers who agree to give care in return for a set monthly payment from Medicare. Medicare Advantage Plans pay physicians and other health care providers an advance payment to keep you well.
Medicare Advantage Special Needs Plans serve people who either 1) live in certain institutions (like a nursing home) or who require nursing care at home, or 2) are eligible for both Medicare and Medicaid, or 3) have one or more specific chronic or disabling conditions (like diabetes, congestive heart failure, mental illness, or HIV/AIDS). You may be disenrolled if you no longer meet the plan’s membership requirements, like if you lose Medicaid or leave the nursing home. If you are disenrolled, you will be returned to the Original Medicare Plan and will have three months to join another Medicare health or drug plan.
If you are a veteran or have served in the U.S. military, you may be able to get Prescription Drug Plan (PDP) coverage through the VA program. You may also add Medicare Prescription Drug Plan coverage.
Contact Us
To contact us for additional information about your health insurance options, please call Ken Peach at 407.830.1950 or email ken@InnovationsMarket.com.