LIVE LIFEWORRY LESS
New to Medicare?
Are you turning 65 or covered by your employer?
If so, the numerous plan options may feel overwhelming. But don't worry - we're here to help!
Let's start by reviewing the parts of Medicare.
Part A Hospital Coverage
Inpatient Coverage
Part B Medical Coverage
Doctor and Outpatient Coverage
Part C Medicare Advantage
Medicare A, B & D benefits administered by private insurance companies
Part D Prescription Drug Coverage
Optional drug coverage provided by private insurance companies.
Part A - Hospital Insurance
Inpatient Hospital Stays
Inpatient Skilled Nursing Facility
Hospice Care
No Cost for Most Individuals*
Deductible: $1632 per benefit period
Part B - Medical Insurance
Physician Services
Outpatient Services
Home Health Care
Durable Medical Equipment (DME)
Diagnostic Services (Labs, X-rays, MRI, etc)
Minimum Premium: $174.70 each month (or higher depending on your income)
Part C - Medicare Advantage & Cost Plans
Medicare A & B Benefits are Provided by Medicare-Approved Private Insurance Companies.
In General, Low Monthly Premiums (Some Plans May Offer No Premium)
Predictable Co-pays for Covered Services
You Can Join a Plan Even With a Pre-Existing Condition
Generally includes Part D Prescription Drug Coverage
Some Plans Include Dental, Vision, Hearing, and Fitness Benefits
Premiums & other costs vary by plan and can change each year.
Medicare Supplement (Medigap Plans)
Helps Cover Medicare Copayments, Coinsurance, and Deductibles
Access to Any Doctor That Accepts Medicare, Nationwide
Some Plans May Cover Medical Care While Traveling Overseas
Guaranteed Renewable
Long-term Care, Dental, Vision, Hearing Aids, and Private-duty Nursing Are Not Covered
A Prescription Drug Plan Must Be Purchased Separately
Insurance companies don't have to offer every letter plan. Premiums can vary by company and how they are rated (community or age-based).
Whether you are turning 65 or new to Medicare, it is important to know who can enroll and when to enroll in Medicare.
Medicare Initial Enrollment Period (IEP)
You can first sign up for Part A and/or Part B during the
7-month period
that starts 3 months before you turn 65 and ends 3 months after.
We can help you avoid late enrollment penalties.
Special Enrollment Period (SEP)
If you still have coverage through your employer or your spouse's plan, you may qualify for a Special Enrollment Period (SEP) to enroll in Medicare at any time, penalty-free.
Parts A + B
Most people are entitled to Part A at no cost if you or your spouse have worked 40 quarters (at least 10 years).
Part B has a base premium of $174.70 per month. The cost could be higher based on your household income from two years prior.
Part D has a higher premium if your income is above a certain amount. This is called IRMAA (Income Related Monthly Adjustment Amount).
See the chart below to determine your Part B costs and potential Part D costs. (Medicare Advantage and Medigap costs are not included.)
File Individual Return | File Joint Return | Part B Monthly Premium | Part D IRMAA* | A+B+D Minimum Monthly |
---|---|---|---|---|
$103,000 OR LESS | $206,000 OR LESS | $174.70 | (DPP) Drug Plan Premium | $174.70 + DPP |
$103,001 - $129,000 | $206,001 - $258,000 | $244.60 | DPP + $12.90* | $257.70 + DPP |
$129,001 - $161,000 | $258,001 - $322,000 | $349.40 | DPP + $33.30* | $382.70 + DPP |
$161,000 - $193,000 | $322,001 - $386,000 | $454.20 | DPP + $53.80* | $508 + DPP |
$193,001 - $499,999 | $386,001 - $749,999 | $559.00 | DPP + $74.20* | $633.20 + DPP |
$500,000 OR MORE | $750,000 OR MORE | $594.00 | DPP + $81* | $675 + DPP |
Are you frustrated with never-ending marketing calls and flyers, always pushing one particular plan? We are too!
As an independent agency, we represent major carriers and numerous plan options. Only after meeting you and learning about your specific needs, networks, and prescriptions will we make a plan recommendation. This way you know you have the plan that is right for you.
This is a solicitation for insurance. We are an independent insurance agency and are not affiliated with the United States Government or Medicare. We do not offer every plan in Wisconsin and northern Illinois. Any information we provide is limited to the plans we offer in your area. Please contact www.Medicare.gov, 1(800)MEDICARE, or your local State Health Insurance Program to get more information on all of your options.
About Our Agency
Established in 1978, the Rick Debe Agency is an independent insurance agency serving individuals, families, and businesses in southeastern Wisconsin, and northern Illinois. We offer a wide range of insurance products, including auto, home, life, health, and business coverage, all tailored to meet your specific needs. You can rely on us to help protect what matters most in your life!
Office Hours
Monday - Thursday 8:30 - 5:00
Friday - 8:30 - 3:00
Office Address
121 Wolf Run Ste. 2B
Mukwonago, WI 53149
We are located to the right of the Verizon Store on Hwy 83.
Office Numbers
Phone: (262) 363-8650
Fax: (262) 425-1710
Rick Debe Agency - DBI Insurance Services © 2010 - Today. All Rights Reserved.