MEDICARE

Medicare is a federal health insurance program designed to provide coverage primarily for individuals aged 65 or older, younger individuals with certain disabilities, and those with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant). 

It has four parts: Part A covers hospital stays and some home health care, Part B includes outpatient services and preventive care, Part C (Medicare Advantage) combines Parts A and B with additional benefits like dental or vision, and Part D focuses on prescription drug coverage. 

Eligibility is typically automatic at age 65 for those who have paid Medicare taxes for at least 10 years, while younger individuals may qualify due to specific disabilities or medical conditions. It’s important to review your circumstances and consult with Medicare or Social Security for detailed guidance.

Dunlap Financial Services simplifies Medicare, offering guidance on Medigap (Supplement) plans, Medicare Advantage (Part C), and Prescription Drug Plans (Part D). Medigap fills gaps in Original Medicare by covering out-of-pocket costs like copayments and deductibles. 

Medicare Advantage combines hospital and medical benefits into one plan, often including extras like dental and vision, while Part D focuses solely on reducing prescription drug expenses.