☰ ˟
J.P.M. Insurance Services
To speak to a licensed insurance agent, call 330-849-4690
  • Home
  • Get A Quote
    • Annuities
    • Business & Commercial
    • Church
    • Dental
    • Disability Insurance
    • Final Expense
    • Group Health
    • Health
    • LifeImage of right arrow
      • Mortgage Insurance Review/Quote Request
      • Life Insurance Review/Quote Request
    • Long-Term Care Insurance
    • MedicareImage of right arrow
      • Medicare Supplement Plan Review/Quote Request
      • Medicare Advantage Plan Review/Quote Request
      • Medicare Part D - Prescription Drug Plan review/Quote Request
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Important Files
    • Insurance Glossary
  • About Us
    • About J.P.M. Insurance Services
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Logo
Life Annuities Health Medicare Business

Home > Blog > Notes Inside Medicare - Important Knowledge for Everyone
WEDNESDAY, FEBRUARY 19, 2020

Notes Inside Medicare - Important Knowledge for Everyone

 

 

 

 

Notes Inside Medicare - Important Knowledge for Everyone:

Recently the Centers for Medicare and Medicaid Services/Office of Enterprise Data & Analytics/Office of the Actuary noted that there were $377.0 Billion in Program Payments for 34.8 million persons served in Medicare for 2017.  Additionally it was noted that there are now approximatley 61.2 million individuals enrolled in Medicare Parts A & B in 2019. 

Wow! Those numbers are stunning and leads us to a point where we need to understand how important Medicare is to so many individuals.

Is Medicare Complicated?

Yep...seems to be that way for sure.  Medicare involves our trying to understand the language or words that are used in describing all the things we need to know.  For example, what does the word "covered" mean?  If we were told a surgery is "covered" by Medicare, many would think the costs would be taken care of.  Well in reality, we have to be careful because that is not necessarily the case in Medicare.  We have to realize that Medicare, since roughly 1965, was never a benefit program that paid all medical costs.  Depending upon the benefit being considered, Medicare will pay some part of the cost but not necessarly all of the cost.

The important point is we must be very careful to understand the language or words used in the Medicare Program.  I'm not bringing this up to alarm anyone.  Medicare pays a lot of medical costs as we can read in the information published by the Centers for Medicare and Medicaid Services.

When you review information about Medicare, take time to review definitions that may be provided in the materials or documents that you have.  Ask questions if you don't understand.  Agents have a resposibility to communicate so you understand what you are doing and attempting to make good informed decisions regarding your Health Care Plans and Coverages.

Medicare is a highly regulated environment for Insurance Companies and Agents to work in.  Guidelines have been put in place to protect Medicare Beneficiaries.  Summary of Benefits and Certificates/Evidence of Coverage Documents are available for your review.  Documents like these can provide various "definitions" that you need when you make important decisions.  You should never make a purchasing desision without an Agent providing these types of documents, so you can review them to obtain an adequate understanding, before your ever enroll in any type of healthcare plan.

Posted 3:05 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020


View Mobile Version

Connect with us

Check us out
32 Johnson Ave
Cuyahoga Falls, OH 44221

Phone:
330-849-4690 to speak with a Principle Owner and Licensed Insurance Agent
Fax: 330-362-2035      Email: jpm_mail@jpminsuranceservices.com

J.P.M. Insurance Services and its Agents are contracted to conduct business in the State of Ohio.

Any inquiry is welcomed and appreciated and does not have to be Medicare related.

If your inquiry is related to Medicare Advantage Plans, Medicare Part D Prescriptions Drug Plans and /or Medicare Supplement Insurance then you are making the following request:

"Yes, I would like to have a licensed insurance agent call or email me about Medicare Advantage Plans, Medicare Part D Prescription Drug Plans and /or Medicare Supplement Insurance.

Fill out the form below to get started with a Principle Owner and Licensed Insurance Agent:

 

 

J.P. M. Insurance Services or Agents are not connected with or endorsed by the United States government or the federal Medicare Program. 

© Copyright. All rights reserved.

Powered by Insurance Website Builder