Medicare Options - 2021
What is Basic Medicare?
Medicare is a Federal Health Insurance program that covers most people 65 years old and over, some people younger than 65 with disabilities, people diagnosed with amyotrophic lateral sclerosis (ALS), and those with end-stage renal disease (ESRD).
Medicare is divided into several parts. Here is a brief overview of these parts:
Premium: For most $-0
Part A Deductible: Medicare does not pay the first $1,484 of each Hospital stay
DR, LAB, ETC.
PART B Deductible: $203
Medicare does not pay the first $203 of Medically necessary exprenses
Most include Prescription coverage
There are 32 Plans in AZ
Stage 1: Deductible $445
Stage 2: Initial Coverage $4,130
of the actual cost of drugs
Stage 3: Donut hole or gap:$4,130, through 6,550 You pay 25% on Brand Name and Generic Drugs.
Stage 4: Catastrophic: $6,551 & up approx.cost 5% to you