Medicare in Maryland
What is Medicare and how does it work?
Medicare is a Federal program for people over 65 and for those who have been declared by the government as disabled for more than two years. To become eligible for part A you must be a citizen who has worked and contributed to Medicare for at least 10 year or is married to someone who has or several other special qualifiers. Please contact Social Security to find if you are otherwise eligible. Under most circumstances their is no cost for Part A. Part B must be applied for and there is usually a cost
Retired Military, government retirees and many retired from private employers have employee benefits that pay for what Medicare doesn’t pay. Before making changes to employer plans carefully evaluate these options. Generally, once you have surrendered these plans they cannot be reentered.
Massachusetts, Wisconsin and Minnesota have special plans. Please do not refer to this site if you live in one of these three States.
This is only a summary with many details not included. Please contact us to discuss any question or for additional clarification.
Medicare is composed of four parts.
Part A pays for hospital costs (beyond the first $1,184 for the first 60 days. After 60 days, co payments are required), Skilled nursing care and skilled nursing facilities, and hospice care are also part of Part A.
Part B pays 80% of doctors, labs, tests and durable medical equipment. A $10 test will cost you $2. A million dollar transplant will cost you $200,000. There is no maximum.
Part C Medicare Advantage Plans. Because of Center for Medicare and Medicaid guidleines, you must contact me, another insurance agent or the government directly for details on how these plans work and their features and benefits.
Part D Drug plans Because of Center for Medicare and Medicaid guidleines, you must contact me, another insurance agent or the government directly for details on how these plans work and their features and benefits.
What are your options as a Medicare recipient
- Pay out of pocket for what Medicare doesn’t pay.
- Have a Medicare supplement plan. All Medicare supplement plans are the same from company to company. There are 10 different policy types with letters A through N. To evaluate the best company for you, don’t just look at the rate today but look at the companies history for raising its rates. A teaser rate today can lead to you spending much more in future years. All policies are guaranteed renewable from year to year no matter your health but the rates are likely to increase due to age and claims paying experience of the company for policies like yours in your State or even zip code. You are only guaranteed entrance into any Medicare Supplement once in your life, after that, there are medical questions that can keep you locked in to one plan for life!
- You may also want to evaluate a Medicare Advantage policy. Please call to discuss if this is a good option for you.
Abrams/Mendelsohn Insurance, Inc.
722 Cockeys Mill Rd
Reisterstown, MD 21136
Phone: (410) 517-2055
- Owings Mills
- Perry Hall
- Ellicott City