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Medicare Supplement Insurance

Medicare insurance is a government-sponsored health insurance program available to most people aged 65 or older and who have paid into Social Security. It’s divided into several sections with differing costs and choices.

Part A covers hospital treatment costs. In most cases there’s no premium payment, but recipients pay a deductible and also pay some coinsurance depending upon their medical treatments throughout the year.

Part B covers medical treatments outside of hospitals. Part B has an annual premium that is dependent on the recipient’s income and Social Security benefits. Recipients also pay a deductible and coinsurance.

Medicare recipients can also opt to take out a Medicare Advantage plan—sometimes called Part C. This means that the recipients will still pay for the Part B premium, but will get more choice over the balance of costs (premium, deductible and coinsurance) and coverage. They may also get coverage for services such as vision, hearing and dental that aren’t covered by ordinary Medicare.

Whichever plan you choose, the costs of prescription drugs are covered by Part D.

Medicare insurance can be a complicated issue, so please contact us today if you want to talk about your options.

Let’s discuss your medicare supplement insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate medicare supplement insurance solution. There’s no obligation, just good-old-fashioned advice.
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Foundation Insurance Group offers comprehensive medicare supplement insurance throughout Virginia, Maryland, Washington, D.C., West Virginia, Kentucky, Pennsylvania, Indiana, South Carolina, and Delaware.