Medicare Seminar at Jain Soc

On Sunday, April 2nd, Empower Brokerage’s Senior Product Specialist, John Shinn hosted a Medicare seminar at Jain Soc in Dallas.

Empower Brokerage insurance agent and author, Malti Patel presented at the seminar. Malti immigrated to America with her 82-year old mother in law from Kenya in 2001. She struggled to find the right coverage for her mother in law. And out of that struggle, she learned a lot about Medicare and how it works. Patel wrote a book entitled Lifting the Mists: A simple guide to a complex welfare system for elderly immigrants and their families.

Through this book, she hoped to help others in the situation she was in. She spoke about understanding the basics of Medicare. Medicare can be confusing at first. There are many parts, plans, and providers to choose from. Malti broke down the different parts of Medicare for the attendees. She explained the specifics of Part A, B, and D, and how they differ. For example, Part A and Part B are paid to Medicare, while Part D is paid to a private insurer.

Basics of Medicare

At the seminar, Patel spoke about understanding the basics of Medicare. Medicare can be confusing at first. There are many parts, plans, and providers to choose from. Malti broke down the different parts of Medicare for the attendees. She explained the specifics of Part A, B, and D, and how they differ. For example, Part A and Part B are paid to Medicare, while Part D is paid to a private insurer.

Medicare Coverage

John and Malti also spoke of what Medicare covers. This includes 100% of the first 60 days of a hospital stay, 80% of Medicare-approved medicare services (like doctor visits, outpatient services), and some preventative services. While it’s important to know what Medicare covers, you also need to know what it does not cover. Things like long-term care, dental, vision, acupuncture, and more are not covered under Medicare.

Private Insurance covers certain things in full or in part. Such as deductibles and coinsurance amounts and prescription drugs.

Medigap, or Medicare Supplement Insurance, is private health insurance for individuals. It is sold by private insurance companies and works with Original Medicare Parts A & B.