Navigating the complex world of Medicare can be daunting, especially if you’re not familiar with its various parts, enrollment process, and the benefits of working with a knowledgeable broker. This comprehensive guide will help you understand Medicare’s different components, when and how to sign up, and the essential questions to ask when choosing a broker and plan to ensure you make the best decision for your healthcare needs.

What is Medicare?

Medicare is a federal health insurance program in the United States that primarily serves individuals aged 65 and over, as well as younger people with disabilities or certain medical conditions. It is designed to provide affordable access to essential healthcare services and consists of multiple parts, each offering specific coverage options.

The 3 Parts of Medicare

1. Original Medicare

Original Medicare comprises Parts A and B, which together provide coverage for a wide range of hospital and medical services.

– Part A (Hospital Insurance)

Part A covers inpatient care in hospitals, skilled nursing facilities, and hospice care. It also covers limited home health services. Most individuals are eligible for premium-free Part A based on their work history or that of their spouse. However, if you don’t qualify for premium-free Part A, you can purchase it by paying a monthly premium.

– Part B (Medical Insurance)

Part B covers medically necessary outpatient services, such as doctor visits, diagnostic tests, and preventive care. Unlike Part A, Part B requires payment of a monthly premium, which is determined by your income. In addition, you may need to pay a deductible and a percentage of your medical expenses, known as coinsurance.

2. Medicare Supplement Insurance (Medigap) and Part D

Medicare Supplement Insurance, also known as Medigap, is an optional policy you can purchase to help cover the out-of-pocket costs associated with Original Medicare, such as deductibles, coinsurance, and copayments. Medigap policies are sold by private insurance companies and come in several standardized plans, each offering different levels of coverage.

– Part D (Prescription Drug Coverage)

Part D is a voluntary prescription drug coverage program offered by private insurance companies. These plans are designed to help lower your prescription drug costs and provide protection against future price increases. Like Part B, Part D requires payment of a monthly premium, which varies depending on the plan you choose.

3. Medicare Advantage (Part C)

Medicare Advantage, or Part C, is an alternative to Original Medicare that combines the coverage of Parts A and B, and often Part D, into a single plan. Offered by private insurance companies approved by Medicare, these plans often include additional benefits, such as dental, vision, and hearing coverage. Medicare Advantage plans usually have networks of healthcare providers, which means you may need to choose doctors and hospitals within the plan’s network.

How and When to Sign Up for Medicare

Begin to enroll in Parts A and B 3 months before your 65th birthday through Social Security. You can go to the website to learn more and get started.

Why Use a Broker for Medicare?

  1. They represent YOU, not the company and product.
  2. It can be VERY confusing.
  3. Part D changes EVERY year.
  4. There is NO charge or fee for OUR services. FREE!!!

Questions You Should Ask When Choosing or Changing Your Agent/Broker

  1. What is the difference between an Agent and a Broker?
  2. Why did you choose to become a broker?
  3. Do they have a list of values they operate their business with?
  4. What makes choosing them the best choice for you?
  5. What brands do you represent?
  6. Where are you located?
  7. Are there any other services that you can expect?

Questions You Should Ask When Choosing Your Medicare Plan

  1. Explain the basics of Medicare for a round understanding.
  2. What resources are available to help me navigate Medicare?
  3. Are there programs that can help me lower my costs?
  4. Will I be able to see my current doctors?
  5. Can I still get the same prescriptions and use the same pharmacy?
  6. What are my top 3 best coverage and cost options in my area?


Understanding Medicare’s different parts, the enrollment process, and the advantages of working with a knowledgeable broker is crucial to making informed decisions about your healthcare coverage. By asking the right questions and considering your unique needs, you can choose the Medicare plan that best suits your circumstances and ensure you receive the quality care you deserve. We will gladly help you along every step of the way. We understand how overwhelming it can be, and all you should be worrying about is a wonderful retirement!