Who Needs Medicare Insurance?

This question is best answered on an individual basis and is part of why consulting with an Aevo professional is so important. However, generally speaking, there are several things that can help you decide whether you want – or need – Medicare insurance.

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Medicare Part A

Medicare Part A covers inpatient care, such as general room and board, nursing and supplies while admitted to a facility, like at a hospital or skilled nursing facility. Most people will not pay a premium for Part A but you will still be responsible for some cost-sharing, like deductibles and copayments. Since Part A does not have a premium, Medicare recipients are unable to decline it once entitled to the benefits—even if you have other insurance. However, Medicare Part A sometimes can coordinate with other insurances to ensure that all of your hospital services are covered.

Medicare Part B

Medicare Part B, however, is a different story. If you are retired and you are still covered by medical insurance under your employer or your spouse’s employer, you may be able to delay enrolling in Part B. However, some plans may require a Medicare eligible individual to have their treatment covered by Medicare before they will pay, so please follow up with your current insurance provider to see if your policy will coordinate benefits with Medicare. Be sure to look at the fine print to compare both plans.