Medicare insurance in Green Bay, WI, is offered to eligible people by the US federal government. This Medicare health insurance program requires you to qualify by being:
- 65 years old or more
- A person with specified disabilities, even if you are not 65
Green Bay Medicare Insurance plans are divided into sections based on types of services they cover.
Original Medicare is divided into several parts. Most people consider these sections, plus others. Contact us for expert advice on the various other options you have for healthcare insurance coverage.
- Medicare Part A, which you may have heard called Hospital Insurance. It helps cover your hospital bills once you are admitted. Plus, it pays part of your bill from a skilled nursing facility, hospice care, and some in-home services for your health.
- Medicare Part B, which you may have heard called Medical Insurance. It helps pay for part of the bill for your regular doctor’s appointments, any care you receive as an outpatient, some screenings, medical services, and preventative care.
- Medicare Part D, which you may have heard called Drug Insurance or prescription coverage. It helps you pay for most prescriptions you need filled and many vaccines.
How Medicare Pays
Medicare helps you pay for many medical services, but not all. This insurance pays most of the bill if you receive a Medicare-approved service. For example, if your doctor performs an approved service with a value of $100, you and Medicare share the cost. Usually, Medicare will pay 80% or $80 in this example. In this example, you would then pay the remaining 20% or $20. This is called a copay or coinsurance amount.
Also, extra medical insurance or Medicare Supplements are available to help with the many remaining healthcare costs. You may have heard these called Medigap or Gap Insurance.
Medicare Premiums
You probably won’t pay any premiums for Part A coverage. If you or your spouse ever worked and then paid into Medicare taxes, you won’t need to pay premiums now.
If you didn’t pay into Medicare taxes or didn’t pay in enough, you can decide to purchase Part A insurance coverage. If you never paid Medicare taxes or paid for less than 30 quarters (about 7 ½ years), your premiums will be $506 in 2023. If you paid in for more than 7 ½ years but less than about 10 years, your premiums will only be $278 for Part A. These amounts will likely go up every year.
Contact Us for more information and expert advice on Medicare Insurance in Green Bay, WI.