Part I of the course provides a brief history of the Medicare program as it was originally created in 1965. The course provides an in-depth overview of the coverage provided in Medicare A & B. The financing mechanism for Original Medicare is discussed as well as the penalties for failure to enroll when first eligible and failure to pay the premiums. Key legislation affecting Original Medicare in recent years is also discussed.
Part II defines Medicare supplement insurance and how the policies fill in the gaps which leave seniors on Medicare vulnerable. While underage eligibility is mentioned, this course concentrates on individuals who are 65+ years old. The 12 different Medicare supplement plans are discussed and what is covered by each plan. North Carolina law pertaining to Medicare supplement insurance is discussed with an emphasis on key elements such as enrollment periods, open enrollment, The Buyer’s Guide, tax qualified plan rules and eligibility. Federal standards will also be discussed.