Medicare is a federal health insurance program, managed by the Centers for Medicare & Medicaid Services, for eligible United States citizens and legal permanent residents of five or more continuous years.

You’re generally eligible for Medicare coverage if you’re 65 or older or disabled. You may also qualify for Medicare at any age if you have end-stage renal disease requiring dialysis or a kidney transplant, or amyotrophic lateral sclerosis (also known as ALS or Lou Gehrig’s disease).

At Soos Insurance, we will walk you through this entire process. All you have to do is contact us through email or phone and set up a meeting. From there, we will explain all of the details, but the three main steps are:

1. Sign up through Medicare through Social Security.

2. Choose your coverage.

3. Complete your "Year 1: Medicare Checklist."

Find out if your test, item or service is covered. Medicare coverage for many tests, items, and services depends on where you live. This list includes tests, items, and services (covered and non-covered) if coverage is the same no matter where you live.

• Click Here To See If You're Covered

In general, Medicare Part A hospital insurance covers inpatient hospital care, skilled nursing facility, hospice, lab tests, surgery, home health care. Medicare Part A hospital insurance covers inpatient hospital care, skilled nursing facility, hospice, lab tests, surgery, home health care.

In general, Medicare Part B (Medical Insurance) covers doctor and other health care providers' services and outpatient care. Part B may also cover durable medical equipment, home health care, and some preventive services.

Generally, a Medicare health plan is offered by a private company that contracts with Medicare to provide Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) benefits to people who enroll in the plan.

Medicare health plans include:

• Medicare Advantage Plans

• Other Medicare health plans

• Medicare Cost Plans

• Demonstrations/Pilot Programs

• Programs of All-inclusive Care for the Elderly (PACE)

• Medication Therapy Management (MTM) programs for complex health needs

Part B covers many preventive services. Click HERE to see a partial list.

Medicare doesn't cover everything. Some of the items and services Medicare doesn't cover include:

• Long-term care (also called custodial care )

• Most dental care

• Eye exams related to prescribing glasses

• Dentures

• Cosmetic surgery

• Acupuncture

• Hearing aids and exams for fitting them

• Routine foot care

Find out if Medicare covers a test, item, or service you need.

If you need services Medicare doesn't cover, you'll have to pay for them yourself unless you have other insurance or a Medicare health plan that covers them.

There is a lot that goes into how much Medicare will cost specifically for you, but here is a glance of the prices of Medicare in 2024:

• Part A Premium — Most people don't pay a monthly premium for Part A (sometimes called "premium-free Part A"). If you buy Part A, you'll pay up to $505 each month in 2024. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $505. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $278.
  

• Part A hospital inpatient deductible and coinsurance — You pay:

  • $1,632 deductible for each benefit period

  • Days 1-60: $0 coinsurance for each benefit period

  • Days 61-90: $408 coinsurance per day of each benefit period

  • Days 91 and beyond: $816 coinsurance per each "lifetime reserve day" after day 90 for each benefit period (up to 60 days over your lifetime)

  • Beyond lifetime reserve days: all costs
    

• Part B premium —The standard Part B premium amount is $174.70 (or higher depending on your income).
  

• Part B deductible and coinsurance — $240. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and durable medical equipment (DME)
  

• Part C premium — The Part C monthly premium varies by plan. Compare costs for specific Part C plans.
  

• Part D premium — The Part D monthly premium varies by plan (higher-income consumers may pay more). Compare costs for specific Part D plans.

The costs of Medicare plans are strongly regulated by the federal government.

Any individual plan listed on our site carries the same costs and offers the exact same benefits regardless of whether you purchase it from our site, a government website, or your local insurance broker.

Our commissions are paid by insurance carriers, so there is no additional cost to you, our consumer.