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Navigating Medicare

As a consumer, it’s important to know the basics about Medicare. However, we realize it can be confusing to determine which plan will work best for you – so that’s why Medicare BackOffi­ce® is here to help.

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WHAT IS

MEDICARE?

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.

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.

WHAT IS

MEDICARE?

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.

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

FIDUCIARY

What Does it Mean?

The term “fiduciary” gets a lot of mileage, but what does it mean? Fiduciary is a higher standard of care, and fiduciaries are legally and ethically required to act in your best interest before their own. Not all financial advisors are fiduciaries.

It’s up to you as a consumer to ask and determine if you want your advisor held to this higher standard. We are not your average tax shop or financial advisor. We are true fiduciary providers of unique financial solutions for individuals, families and small businesses.

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