The Market at Midtown
The Market at Midtown
E. Farmers Market St., Bryant, AR 72022
Saturday, June 3rd from 9 AM to 1 PM
#themarketatmidtown #bryant #salinecounty #farmersmarket #arkansas
The Market at Midtown
E. Farmers Market St., Bryant, AR 72022
Saturday, June 3rd from 9 AM to 1 PM
#themarketatmidtown #bryant #salinecounty #farmersmarket #arkansas
Original Medicare is a federal health insurance program for people 65 and older, people with certain disabilities, and people with end-stage renal disease (ESRD). It has two parts:
To sign up for Original Medicare, you can:
If you are already receiving Social Security benefits, you will automatically be enrolled in Part A. You will need to sign up for Part B separately.
When to sign up for Original Medicare
You can sign up for Original Medicare during the following times:
Cost of Original Medicare
Part A is premium-free if you or your spouse has worked and paid Medicare taxes for at least 40 quarters (10 years). If you don’t have enough work credits, you will have to pay a monthly premium.
Part B has a monthly premium of $174.20 in 2023. You may also have to pay a yearly deductible of $235.
Medicare Supplement Insurance
Medicare Supplement Insurance, also known as Medigap, can help you pay for some of the costs that Original Medicare doesn’t cover, such as copays, deductibles, and coinsurance. There are 10 different Medigap plans available, each with its own set of benefits.
Medicare Advantage Plans
Medicare Advantage Plans are private health insurance plans that offer all of the benefits of Original Medicare, plus additional benefits, such as prescription drug coverage. There are many different Medicare Advantage Plans available, so you can choose one that fits your needs and budget.
Choosing the Right Medicare Plan
There are many factors to consider when choosing a Medicare plan. You will need to think about your health needs, your budget, and your lifestyle. You may also want to talk to a Medicare specialist to get help choosing the right plan for you.
More information
For more information about Original Medicare, please visit the Social Security website or call the Social Security Administration at 1-800-772-1213.
Medicare Advantage and Medicare supplement plans are two types of Medicare health insurance plans that can help you pay for your Medicare costs. Both plans have their own advantages and disadvantages, so it’s important to understand the differences between them before you decide which one is right for you.
Medicare Advantage plans are offered by private insurance companies that contract with Medicare. These plans typically provide all of the Part A (hospital insurance) and Part B (medical insurance) benefits that Original Medicare does, and may also include prescription drug coverage. Medicare Advantage plans typically have lower monthly premiums than Medigap plans, but they may have higher copayments and deductibles.
Medigap plans are standardized plans that are offered by private insurance companies. These plans are designed to supplement Original Medicare, and they help pay for some of the costs that Original Medicare doesn’t cover, such as copayments, coinsurance, and deductibles. Medigap plans have different coverage levels, so it’s important to choose a plan that meets your needs.
Here are some of the key differences between Medicare Advantage and Medicare supplement plans:
Here are some of the pros and cons of Medicare Advantage plans:
Pros:
Cons:
Here are some of the pros and cons of Medigap plans:
Pros:
Cons:
If you are considering enrolling in Medicare, it’s important to understand the differences between Medicare Advantage and Medicare supplement plans so that you can choose the plan that best meets your needs. You can talk to a Medicare counselor or an insurance agent to learn more about your options.