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WELCOME. When it comes to finding your way around Medicare, sometimes it’s good to have help from a team of consultants. Whether it’s answering simple questions or working closely together to find the right match for a Medicare plan, as an independent broker working with multiple carriers, this is what we do.
From shopping to enrollment and everything in between – count on Medicare By Savoy to be there for YOU.

WHAT IS MEDICARE? Medicare is a federal health insurance program for people who:
  • Are 65 or older
  • Are under age 65 with certain disabilities
  • Have End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)
KNOW YOUR ABCs
UNDERSTANDING THE DIFFERENT "PARTS" OF MEDICARE
The Medicare program is divided into different “parts” often referred
to as Medicare Part A, Part B, Part C and Part D.
  Medicare Part A (Original Medicare)
Hospital insurance that helps cover:
  • Inpatient care in hospitals
  • Skilled nursing facility care
  • Hospice care
  • Home health care
Medicare Part B (Original Medicare)
Medical insurance that helps cover:
  • Doctor and specialist costs
  • Outpatient care
  • Home health care
  • Durable medical equipment
  • Many preventive services
 
 
Medicare Part A and Part B are often referred to as "Original Medicare."
 
 
Medicare Part C (Medicare Advantage)
A type of Medicare health plan:
  • Offered by private insurance carriers approved by Medicare
  • Includes all of your Medicare Part A and Part B benefits
  • May include Medicare prescription drug benefits
  • Durable medical equipment may be covered
  • May include benefits not available through Medicare Part A or Part B

Medicare Part D (Prescription Drug)
A type of Medicare health plan:
  • Offered by private insurance carriers approved by Medicare
  • Helps cover the cost of prescription drugs
  • Varies in cost and the specific drugs that are covered
 
  Please note: You also have the option of choosing a Medicare Supplement plan, also known as a Medigap policy. This type of plan can help pay some of your costs that Original Medicare doesn't cover, such as copayments, coinsurance and deductibles. See below for more details.  
CHOOSING A PLAN
What Are My Options For Coverage?
We understand that not everyone approaches their health insurance coverage from the same place.
Maybe cost is your biggest concern. Or, health issues may have you more focused on benefits.
That's why it's good to have choices.
Original Medicare (Part A and Part B)
Click to Collapse
 
Things to Know
Cost
Might Be Right for You If:
Your Medicare Part A (Hospital) and Part B (Medical) benefits
  • Under Original Medicare, the government pays directly for the health care services you receive
  • You can see any doctor or hospital that accepts Medicare
  • Prescription drug coverage is usually limited to medications administered in a doctor's office or outpatient setting
  • You can enroll when you first become eligible for Medicare
  • Most people don’t pay a monthly premium for Part A
  • You must pay a Part B premium
  • Part A and Part B generally pay for 80% of your covered costs
  • You have a limited budget and low healthcare needs
Medicare Advantage Plans (Part C)
Click to Expand
 
Things to Know
Cost
Might Be Right for You If:
Covers your Medicare Part A and Part B services and may include additional benefits like dental, vision and prescription drug coverage
  • You receive your benefits from a private insurance carrier
  • Many plans include prescription drug benefits
  • Your plan may have provider network restrictions
  • You can only enroll during certain times of the year
  • You must continue to pay your Part B premium
  • You may have to pay an additional monthly premium
  • You may have to pay a copayment or coinsurance for certain covered services
  • You want additional benefits not covered under Original Medicare
  • You want all of your benefits included in one plan
  • You want an annual limit on the total costs you're required to pay
Medicare Prescription Drug Plans (Part D)
Click to Expand
 
Things to Know
Cost
Might Be Right for You If:
Covers the cost of certain generic and brand name prescription medications
  • You receive your benefits from a private insurance carrier
  • You can enroll during certain times of the year
  • You pay an additional monthly premium
  • Some states may offer premium assistance if you qualify
  • You may have to pay a copayment or coinsurance for certain covered medications
  • You have Original Medicare and/or a Medicare Supplement plan and you want additional coverage for prescription drugs
Medicare Supplement Plans (Medigap)
Click to Expand
 
Things to Know
Cost
Might Be Right for You If:
Supplemental health insurance plans offered by private insurance companies that lower your out-of-pocket costs by paying a portion of covered services that Original Medicare leaves you to pay
  • You receive your benefits from a private insurance carrier
  • You can see any doctor or hospital that accepts Medicare
  • Plans are standardized — the benefits from plan to plan are the same from every insurance carrier
  • Plans do not include prescription drug benefits
  • You pay an additional monthly premium
  • Premium costs vary between insurance companies
  • Out-of-pocket costs can vary between plans
  • You have a flexible budget, want more freedom in choosing the healthcare providers you see and want coverage when you travel
OUR CONTACT INFO
25B Hanover Road,
Suite 220
Florham Park, NJ 07932
833.600.6727
(TTY/TTD:711)
9am - 5pm, Monday - Friday
 
 
 
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Last Updated: 7/31/2019
MULTI-PLAN_HM_M_19_69389b Accepted 9/14/2019
Attention: This website is operated by Donald C. Savoy, Inc. d/b/a Savoy Associates®, an insurance producer licensed in these states. This is not the Health Insurance Marketplace website. In offering this website, Savoy Associates is required to comply with all applicable federal laws, including the standards established under 45 CFR § 155.220(c) and (d) and standards established under 45 CFR § 155.260 to protect the privacy and security of personally identifiable information. This website may not display all data on Qualified Health Plans being offered in your state through the Health Insurance Marketplace website. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov.