Introduction to Medicare Series



This is a brief 5-Part Simple Series to provide an Introduction to Medicare. After the initial introduction, each post will provide a description and information about one Part of Medicare including important deadlines, eligible applicants and other critical features.


What Is Medicare?

Medicare is our country’s Federal health insurance system for people turning age 65 or older, under age 65 with certain disabilities, or any age with end-stage renal disease. There are 4 parts: hospital (Part A), medical (Part B), Medicare Advantage Plans (Part C), and prescription drug (Part D) coverage benefits.


What Does Medicare Cover?

Each of the different Parts of Medicare help cover costs of various expenses. The program does not cover the cost of most long-term care. In each of the different Medicare Parts, you have the option to choose different coverage and benefit levels. The three most common are hospital (Part A), medical (Part B), and prescription (Part D). Medigap supplemental policies can also be purchased from private insurance companies to help cover costs Medicare denies.


How Much Does It Cost?

There are different levels for each Medicare Part. Based on what you have contributed throughout your lifetime, you will have different levels and costs presented to you. We will get into individual Part costs as we dive deeper into this series.


Where Does Medicare Funding Come From?

You and/or your employer likely paid Medicare and Social Security payroll taxes throughout your working life. A portion of these taxes help cover most Medicare expenses. Monthly premiums, usually deducted from Social Security checks also cover a portion of the costs.


How Can I Ensure I Select the Right Coverage and Benefits?

Senior Patient Advocates provides New to Medicare classes and individual consulting. They will conduct a Needs Assessment to help determine what coverage and level of plan will most benefit you. The goal is to provide you adequate coverage without making you pay for extra coverage. This process will provide you the greatest return on your investment based on your needs and desires.


Who Oversees the Program?

The Centers for Medicare and Medicaid Services is the agency that oversees and administers the program. If you choose to work with a consultant like Senior Patient Advocates, licensed, experienced professionals will help minimize or eliminate the need to contact this agency with questions or for help.


How Do I Apply?

Eligible applicants apply for Medicare with the help of Senior Patient Advocates or at Social Security. Social Security can provide general information about the program and accept and submit your application.


For more information about Senior Patient Advocates or to learn about Medicare components visit Senior Patient Advocates’ website, sign up for upcoming Medicare course curriculum, or call (307) 472-1770.


Public Information Resources (Do Not Need to be Sited):

Social Security Administration Handbook

Medicare Rates from Terry

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