In order to help your clients choose the best healthcare coverage for their needs, you need to understand the coverage they already have: Medicare. There are four parts to Medicare. Medicare Part A and Medicare Part B are provided by Medicare. Those two parts make up the original federal health program. Part A and B are referred to as Original Medicare. Remember, Medicare is a US government entity. Part C and Part D are purchased from private insurance carriers.
Medicare Part A is hospital insurance. As hospital insurance, Part A generally covers the following.
Inpatient hospital stays
Prescription drugs administered in the hospital
Skilled nursing facility stays
Mental health inpatient stays
Hospice care
Limited or temporary home health care
Medicare Part B is medical insurance. As medical insurance, Part B generally covers the following.
Annual wellness exams
Doctor and specialist visits
Preventative services (flu shots, etc.)
Bone mass measurements
Tests and screenings for certain diseases
CPAP machines for sleep apnea
Certain diabetes equipment and supplies
Limited home health visits
Durable medical equipment (walkers, wheelchairs, etc.)
This is not a complete list of the medical services covered by Medicare Part B. However, it is a starting point to help your clients understand where their gaps in coverage are and how to choose supplemental insurance to address those gaps.
The post What is the difference between Part A and Part B of Medicare appeared first on Crowe & Associates.
CMS DISCLOSURE: We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.”
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