Golden Years Health Insurance

Medicare can be very confusing. Let us educate you on your options. Request a no-cost consultation!

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Fast Fact: Copayments (sometimes called "copays") can vary for different services within the same plan, like drugs, lab tests, and visits to specialists.

A ”Generic Drug” means a prescription drug that has the same active-ingredient formula as a brand-name drug. Generic drugs usually cost less than brand-name drugs. The Food and Drug Administration (FDA) rates these drugs to be as safe and effective as brand-name drugs.

Fast Fact: In-network Coinsurance is The percent (for example, 20%) you pay of the allowed amount for covered health care services to providers who contract with your health insurance or plan. In-network coinsurance usually costs you less than out-of-network coinsurance.

Quick Tip: An Out-of-network copayment is a fixed amount (for example, $30) you pay for covered health care services from providers who don't contract with your health insurance or plan. Out-of-network copayments usually are more than in-network copayments.

Active employer coverage means you are still actively working, not retired. In this scenario, you have the right to remain on your employer’s group health insurance plan if you choose. Your Medicare benefits can coordinate with that coverage. How it coordinates depends on the size of your employer.

Part C refers to the Medicare Advantage program, or private insurance. The cost of Advantage plans varies by carrier, county of residence, and plan selected.