Posted on 05/28/2013 If you are leaving an employer sponsored health insurance plan and need Medicare information, guidance, or Medicare Insurance, we can help.  MyMedicareAdvisor stand ready to assist you for this transition into the wonder world of Medicare.  Many people start to do their Medicare research several months prior to retirement.  They realize that Medicare is the “new normal” for their health insurance so they roll up their sleeves and go to work.  It can all seem pretty confusing, but it really doesn’t and shouldn’t be that way.  We are here to help! There are Four Parts of Medicare Medicare Part A – Hospital Insurance.  There is no cost to Medicare Part A for most of us.  Medicare Part A covers most of your Hospital stay, while you are required to pay a deductible and possibly a per-day co-pay. Medicare Part B–  Medical Insurance.  For most of us, the premium that Medicare charges is $104.90/month.  Part B covers such items as doctor visits, diagnostic testing, outpatient surgery and so on.  There is a deductible that you are responsible for, and after that is met, Medicare pays 80% of the charges and you are responsible for 20% of all the charges. Medicare Part C – Medicare Advantage Plans.  These are insurance policies run by insurance companies that manage your Medicare covered services. Medicare Part D – Prescription Drug Coverage.  This is the prescription drug component of Medicare.  It is offered only through private insurance carriers. Many seniors will get additional coverage over an beyond Medicare Part A and Part B, because there are significant gaps in coverage, such as deductible, co-insurance, and lack of prescription coverage.  To put it another way, if you only have Medicare Part A and Part B, you could be responsible for significant outlays for you medical care.  For this reason, seniors will decide on either a Medicare Advantage Plan, or a Medicare Supplement Plan and a Part D prescription Plan.  Let us help you decipher which way is best!  Just call us at (215) 658-1776.