Medicare Made 4 You is dedicated to supporting American seniors through the challenges of retirement. Founded on the principle of aiding those we honor, we provide top-notch assistance in navigating Medicare and related insurance products. Our mission is to safeguard the health and financial well-being of our clients during the transition into fixed income and retirement. As licensed insurance agents with a genuine passion for helping, we prioritize the needs of our influential senior population. At George Thompson Insurance, we offer a trusted ally in navigating the complexities of retirement, ensuring our clients receive the guidance and protection they deserve. Call today to set up a one-to one session with your dedicated and knowledgeable team member.
“With over 25 years of experience in insurance, I have developed an in-depth understanding of Medicare and its complexities. All of us at the Thompson Agency feel that the needs of the client come first and we try to make the Medicare decision making process as uncomplicated and easy as possible.”
— Senta Curran CFP®, MBA, ChFC, CLU
Medicare is a federal health insurance program in the United States that provides coverage for individuals who are 65 years old or older, as well as certain younger individuals with disabilities or specific health conditions.
Part A covers hospital insurance and inpatient care.
Part B covers medical insurance and outpatient care.
Part C, also known as Medicare Advantage, offers an alternative way to receive Medicare benefits through private insurance companies.
Part D provides prescription drug coverage.
Most U.S. citizens and legal residents who are 65 years or older are eligible for Medicare. Additionally, individuals under 65 with certain disabilities or end-stage renal disease may also qualify.
The initial enrollment period for Medicare is a seven-month period that begins three months before your 65th birthday month and ends three months after. It is generally recommended to enroll during this period to avoid any late enrollment penalties.
Most people are automatically enrolled in Part A when they turn 65, while Part B requires a separate enrollment. Part A is typically premium-free for those who have paid Medicare taxes for a certain period. Part B has a monthly premium that is based on your income.
Medicare Part D provides prescription drug coverage. It helps pay for both generic and brand-name prescription drugs, and the specific coverage can vary based on the plan you choose.
Original Medicare refers to the combination of Part A and Part B, which is provided by the government. Medicare Advantage, on the other hand, is an alternative to Original Medicare and is offered by private insurance companies. Medicare Advantage plans often include additional benefits such as vision, dental, and prescription drug coverage.
Yes, you have the opportunity to make changes to your Medicare coverage during the Annual Enrollment Period, which typically runs from October 15th to December 7th each year. During this time, you can switch between Original Medicare and Medicare Advantage, change prescription drug plans, or make other changes that better suit your needs.
If you don't enroll in Medicare Part B when you are first eligible and don't have other creditable coverage, you may be subject to a late enrollment penalty. This penalty is added to your monthly premium for as long as you have Part B coverage.
For more information about Medicare, you can visit the official Medicare website at www.medicare.gov. You can also contact your local Social Security office or speak with an insurance agent specializing in Medicare plans. You can also reach out to our office and we will guide you through the process.
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