A consultant, motivational speaker, and the owner of Florida-based KK&B Financial Services, Brad Liebe provides guidance on estate planning and other financial strategies. In addition, Brad Liebe helps clients understand their Medicare needs.
Medicare, designed for Americans aged 65 and older, provides health insurance subsidized by the federal government. The different elements of Medicare are divided into separate policies known as Part A and Part B.
Medicare Part A covers hospital-related costs, while Part B covers preventive and outpatient costs. Many Medicare recipients deal only with these two parts.
Another Medicare option, often known as Part C or Medicare Advantage, may be a suitable alternative for some Americans. Offered through private insurers, Medicare Advantage plans roll Parts A and B into one policy.
Some insurers also include other benefits, such as dental coverage in Part C. Depending on the needs of the individual, Medicare Advantage plans can be simpler, cheaper, and more comprehensive than original Medicare plans. However, because Medicare Advantage plans are operated by private companies, networks of providers may be limited, and premium costs may be higher.
