Callahan Financial Services Group will guide you through the maze of Medicare supplement coverage plans, as understanding and
Medicare is made up of four parts:
Part A Hospital Insurance
Covers hospital and skilled nursing home facilities also provide for Hospice care.
Part B Medical Insurance
Covers physician visits, diagnostic test, physical therapy, lab work, durable medical equipment.
Note: Medicare will not cover the full cost of these services, some deductibles and co-payments 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 program that is right for you.
Medicare Supplement Plan ( Medi-gap plan)
A supplemental or Medigap plan provides additional coverage to healthcare deficiencies that you may be exposed to under the Original Medicare Part A, and Part B, In other words, supplemental health insurance extends the amount of health insurance for Medicare-eligible recipients. Within the Medigap policy, there are 12 different standards of health plans. With Medicare and a Supplemental
Part C Medicare Advantage Plans
Medicare Advantage plans are health plans offered by private companies that receive subsidies from the federal government to provide coverage for their members. Medicare Part C covers everything supplied by original Medicare, plus additional benefits such as hearing, vision, or prescription drug benefits. When you buy a Medicare Advantage Plan, you receive all of your Medicare benefits through that plan. While Medicare Advantage must cover everything the Original Medicare Plan covers, it does not need to include those benefits for the same amount.
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 uninformed decision 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.
We know there are many options and carriers when choosing a Medicare Supplement or Medicare Advantage plan. We also know how confusing it can be that's why we're here as local Medicare Supplement insurance agents to help make it simple to find the right Medicare plan.