Martinik Grimes Insurance

Lifetime reserve days are in Original Medicare, these are additional days that Medicare will pay for when you're in a hospital for more than 90 days. You have a total of 60 reserve days that can be used during your lifetime. For each lifetime reserve day, Medicare pays all covered costs except for a daily coinsurance.

The Income Related Monthly Adjustment Amount (IRMAA) is an additional monthly charge that people with certain high-income levels must pay on top of their Medicare Part B and D premiums.

A Medigap plan helps cover your portion of cost sharing with Medicare, including deductibles, copayments, and coinsurance.

Only people receiving SSDI benefits or who have certain health conditions can qualify for Medicare under age 65.

A Medicare Enrollment Period is a specific window that allows you to enroll in Medicare or a Medicare plan.

Fast Fact: Medicare Special Needs Plans (SNPs) are a type of Medicare Advantage plan.

Medicare Part A is hospital insurance that assists you with the cost of inpatient care and skilled nursing facility stays. It also helps with things like hospice and home health care. In general, you should think of the inpatient hospital benefit as Medicare coverage for room and board in the hospital.

Turning 65 soon? Starting to feel overwhelmed by your Medicare choices? Contact us today to request a no obligation consultation.

Fast fact: You are still required to pay the Medicare Part B premium even if you have an Advantage plan.

Medicare Advantage plans, also known as MA, are NOT similar to Medigap plans – they are different. Members get their benefits from a private insurance company instead of Original Medicare.