MEDICARE

MEDICARE

MEDICARE & TURNING AGE 65 AND BEYOND
ONE. TWO. THREE …………READY. SET. GO.

Medicare is a complex entity that can leave you overwhelmed with lots of questions. Where do you start? Are you eligible? What are the enrollment parameters? What are available choices?  What if you make a mistake – what then?  Are pre-existing medical conditions covered? Will I have to change doctors?  What about my prescriptions, are they covered? Whether you’re new to Medicare or you simply need help making sense of your coverage, ebpcolorado guides you to the tools you need to help you understand Medicare, and make choices that make you smile.

WHAT IS MEDICARE?

Medicare is a federal program administered by the Centers for Medicare and Medicare Services (CMS) under Health and Human Services (HHS). Originally implemented in 1965, Medicare provides eligible Medicare beneficiaries access to hospitals, doctors, other health care providers and supplies. Medicare consists of four parts:

Part A – Hospitalization, limited skilled nursing, home health care, and hospice care
Part B – Doctors, outpatient services, other medical facilities and supplies
Part C – Medicare Advantage (MA, MAPD)
Part D – Prescription Drug Plans (PDP)

There are two primary options for Medicare coverage: Original Medicare or a Medicare Advantage Plan, which replaces Original Medicare. Under Original Medicare you’re given access to Part A and Part B directly through Medicare. Original Medicare does not cover prescription drugs. Under Medicare Advantage you’re given access to Part A and Part B, and additional benefits not covered by Original Medicare. Medicare Advantage plans are offered by private insurance companies approved by Medicare. Some Medicare Advantage plans offer prescription drug coverage and some do not.