Medicare is a government-provided program to provide
basic medical care for seniors and disabled. There are private
insurance programs that work with Medicare to provide additional
Medicare Supplement insurance covers deductibles and
copays not covered by Medicare parts A & B. There are
standard packages of coverage authorized by the government.
Pricing is based on location and age. Many of the plans
require no underwriting and some of the plans offer discounts
in exchange for using certain hospitals. Most of the plans
are very similar.
Medicare Part D plans cover prescription drug costs with
government assistance. While it covers much of the cost
of basic medications, its large impact is the coverage for
high-cost drugs after meeting a deductible. There are standard
government-defined plans, as well as plans designed by the
insurance companies. Each plan has different pricing for
medications, so it is important to check the coverage before
Medicare Advantage plans are government-approved plans
that offer HMO-like coverage for very low premiums. The
government assistance is directed toward the plan and the
premium cost reflects the lowered expenses from directing
the client to certain contracted doctors and facilities.
Investment Advisory services are not performed by the following