Medicare is health insurance for people age 65 or older, under age 65 with certain disabilities and people of any age with end-stage renal disease. Below, we will explain the four parts of Medicare — Part A, Part B, Part C and Part D.
What is Medicare?
It’s important that you understand the different components of Medicare and carefully weigh your choices. Why? Because your decision will impact many things, from what you pay and which benefits are available to you, to which doctors you can see and the quality of care you receive.
You have several options, depending on where you live.
You Can:
- Elect Original Medicare
- Elect Original Medicare and add drug coverage with a Medicare Part D Prescription drug plan
- Substitute a private Medicare Advantage plan for Original Medicare
- Substitute a private Medicare Advantage plan that also includes Medicare Part D
- Prescription drug coverage in place of Original Medicare (resulting in an “MA-PD” plan)
- Elect Original Medicare, add a Medicare Supplement insurance plan to pay for any gaps in coverage and add drug coverage with a Medicare Part D prescription drug plan
We understand deciding on a Medicare health plan is one of the most important decisions you’ll make in retirement. We’re here to help. To speak with a Licensed Insurance Agent, contact us using the link below:
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The information provided herein is the exclusive property of Government Employee Wealth Advisors, a DBA of Nautica Asset Management LLC. This material has been prepared for educational purposes only. It is not intended to provide nor should be relied upon for accounting, legal, tax, or investment advice.
Helping government employees choose benefits, improve their financial futures, and retire successfully.
480 N Canton Center Rd. #87919 • Canton, MI 48188 • Phone: (734) 794-3885
Advisory services are offered through Nautica Asset Management, LLC, a Registered Investment Advisor (RIA) in the state of Michigan, doing business as Government Employee Wealth Advisors. Insurance products and services are provided through Nautica Insurance Group, LLC. Nautica Asset Management, LLC (including its DBA, Government Employee Wealth Advisors) and Nautica Insurance Group, LLC are affiliated but separate legal entities. Government Employee Wealth Advisors, Nautica Asset Management, LLC, Nautica Insurance Group, LLC, and their representatives are not affiliated with, endorsed by, sponsored by, or authorized to speak on behalf of the Federal Employee Retirement System (FERS), or any other federal government agency or benefits program. The material on this website is provided for informational and educational purposes only. It is not intended to be, and should not be construed as, investment, tax, or legal advice. Please consult with qualified professionals regarding your individual circumstances before making any financial decisions. All investments involve risk, including the potential loss of principal. This website does not constitute an offer or solicitation in any jurisdiction where such offer or solicitation would be unlawful.
