Medicare Explained

We Specialize in Medicare Plans

Medicare is a federal health insurance program for people age 65+ and those under 65 with certain disabilities. Once you become eligible for Medicare, you will need to choose how you want to receive your benefits. Overton Agency is here to help you understand your options and make informed decisions.

What Is Medicare?

Medicare provides essential health benefits to millions of Americans. The program is divided into four different parts; Part A hospital insurance, Part B medical insurance, Part C Medicare Advantage, and Part D prescription drug coverage. Parts A and B make up Original Medicare, which most people will be enrolled in automatically. You can choose to supplement Original Medicare with a Medigap plan and a stand-alone Part D drug plan.  

If you’d like a private version of Medicare, you can join a Medicare Advantage plan. Advantage plans are a pay-as-you-go type of health insurance that can be very cost-effective—depending on your health and budget.

What Does Medicare Cover?

Each part of Medicare covers different medical items and services. Learn more by clicking the plus icon below.

Part A pays for hospital services and is free if either you or your spouse paid Medicare payroll taxes for at least 10 years.

  • Inpatient hospital care
  • Skilled nursing facility care
  • Hospice care
  • Home health care

Part B covers doctor visits and outpatient services. It comes with a cost—the standard monthly premium in 2022 is $170.10.

  • Outpatient care
  • Durable medical equipment (like wheelchairs, walkers, etc.)
  • Many preventive services (like screenings, shots or vaccines, and yearly “wellness” visits)

Medicare Advantage (Part C) covers everything that Original Medicare does and may offer additional benefits like 

  • Meal delivery
  • Transportation to appointments
  • Dental, vision, and hearing
  • Fitness memberships
  • Prescription drugs

Part D covers prescription drug costs and has a monthly charge, which varies depending on the plan you select.

Each plan includes a formulary stating what drugs are available and how much they will cost members. When choosing a Part D plan, make sure it covers the meds you need.

Call Us for Medicare Help

Medicare can be confusing, especially if you are new. Overton Agency will help you figure out which plan you should be on and make sure you don’t miss any enrollment deadlines. To get started, just call 501-881-2050!