Callahan Financial Services will guide you through the maze of Medicare coverage plans, as understanding and choosing the right plan is important. We will advise you on the plan that fits your needs and budget.
Medicare is made up of four parts:
Part A Hospital Insurance
Covers hospital and skilled nursing home facilities also provides for Hospice care.
Part B Medical Insurance
Covers physician visits, diagnostice test, physcical therapy, lab work, durable medical equiptment.
Note: Medicare will not cover the full cost of these services, there are deducitibles and co-payments that must be met for Part A. Medicare only covers 80% for Part B services. There are supplemental plans that will pick up where Medicare leaves off. Callahan Financial Services will advise you on the best plan that is right for you.
Part C Medicare Advantage Plans
These are not your traditional Medicare plans. These plans are set up as an HMO & Part D plans.
Part D Prescription drug plans
These are prescription plans offered through Medicare contracted private companies.
Choosing a part D plan is very important and making an uniformed choice may result in high monthly premiums, annual deductibles and excessive co-pays and out of pocket cost. Callahan Financial Services will guide you in selecting a plan that is right for you resulting in thousands saved.