HEALTH INSURANCE FOR SENIORS

What To Do for Insurance In Your Senior Years
Medicare Part A

Medicare is a federal insurance program for people age 65 and older and certain disabled people. It is run by the Health Care Financing Administration (HCFFA), which is part of the United States Department of Health and Human services. Medicare is the nation's largest health insurance program and covers 39 million Americans.

The Medicare insurance program consists of:

• Medicare Part A - Hospital Insurance for hospital, skilled nursing facility, home health and hospice care.

• Medicare Part B - Medical insurance for doctor services, outpatient hospital services, durable medical equipment and a number of other medical services and supplies.

As valuable as Medicare is, it has its limitations. Not "ALL" medical charges are paid for by Medicare. It covers all or part of many medical expenses - both hospital and doctor fees - but you are still held responsible for deductible and coinsurance payments. Plus, if your doctor does not accept Medicare assignment, your medical costs could exceed Medicare's approved charges and you would be required to pay the difference out of your pocket.

Be in Control of Your Senior Years
Medicare Part B

There are ten standard Medicare supplemental insurance plans designed to supplement or bridge the gaps in Medicare coverage. They offer more freedom to choose the hospitals and doctor of your choice than with an HMO, however you pay a fixed monthly premium. These Medicare Supplement plans vary in what they cover and how much they cost, with the most comprehensive coverage bearing the higher costs.

Choosing the coverage and the doctors that are right for you and your specific needs takes education, review, and an understanding of what can seem like a complex process. CPB Health prides itself on simplifying the complexity and putting you on a path to a more secure senior life.

Please contact us today so we may review all your needs and requirements, Let us put you in control.