Medicare
Navigating Medicare with Confidence
Welcome to Greer & Associates' Medicare services, where we provide comprehensive guidance and support to help you navigate the complexities of Medicare with confidence. Whether you're approaching Medicare eligibility for the first time or seeking to optimize your existing coverage, our team of experts is here to assist you every step of the way. With our in-depth knowledge of Medicare plans, options, and enrollment processes, we empower you to make informed decisions that meet your healthcare needs and budgetary considerations.
How We Assist With Medicare
Our Commitment to You
At Greer & Associates, we are committed to simplifying the Medicare experience and empowering you to make confident decisions about your healthcare coverage. Let us be your trusted partner on your Medicare journey, ensuring you receive the quality care and support you deserve in your golden years.
Frequently Asked Questions
-
What is Medicare, and who is eligible for coverage?
Medicare is a federal health insurance program primarily for individuals aged 65 and older, as well as certain younger people with disabilities and those with end-stage renal disease (ESRD). Eligibility for Medicare is based on age, disability status, or qualifying medical conditions.
-
What are the different parts of Medicare, and what do they cover?
Medicare consists of four parts:
- Part A (Hospital Insurance) covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health services.
- Part B (Medical Insurance) covers outpatient medical services, doctor visits, preventive care, and durable medical equipment.
- Part C (Medicare Advantage) offers an alternative to Original Medicare and typically includes Parts A, B, and D benefits, often with additional coverage such as dental, vision, and hearing.
- Part D (Prescription Drug Coverage) provides coverage for prescription medications through private insurance plans approved by Medicare.
-
When can I enroll in Medicare, and what are the enrollment periods?
Initial Enrollment Period (IEP): This is the seven-month period surrounding your 65th birthday, including the three months before, the month of, and the three months after your birthday month.
Annual Enrollment Period (AEP): Occurs annually from October 15th to December 7th, during which you can make changes to your Medicare coverage.
Special Enrollment Period (SEP): You may qualify for a SEP if you experience certain life events, such as retiring and losing employer-sponsored health coverage or moving out of your plan's service area.
-
What is the difference between Original Medicare and Medicare Advantage?
Original Medicare consists of Parts A and B and is administered by the federal government. It provides coverage for hospital and medical services but may leave some gaps in coverage. Medicare Advantage (Part C) is offered by private insurance companies approved by Medicare and provides an alternative to Original Medicare. Medicare Advantage plans often include additional benefits such as prescription drug coverage, dental, vision, and wellness programs.
-
Do I need additional coverage with Medicare, such as a Medicare Supplement (Medigap) plan or Part D prescription drug coverage?
While Original Medicare provides comprehensive coverage for hospital and medical services, it may leave beneficiaries responsible for certain out-of-pocket costs, such as deductibles, coinsurance, and copayments. Many individuals choose to supplement their Medicare coverage with a Medigap plan, which helps cover these costs. Additionally, Part D prescription drug coverage is recommended for beneficiaries who require medications not covered by Original Medicare.