Medicare Options - 2020
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 $1,408 of each Hospital stay
Social Security deducts
Part B Deductible: Medicare does not pay the first $198 each
(also called Medigap Plans)
Most include Prescription coverage
There are 31 Plans in AZ
Stage 1: Deductible $435
Stage 2: Initial Coverage $4,020
of the actual cost of drugs
Stage 3: Donut hole or gap:$4,021, through $6,350 of your out of pocket expenses.
Stage 4: Catastrophic: $6,351 & up approx.cost 5% to you