Are you turning 65 soon? Or do you have a disability and are wondering if you qualify for Medicare? With all the choices available, it can be overwhelming to understand everything about Medicare. But don’t worry, we’ve got you covered. In this article, we will discuss everything you need to know about Medicare.
What is Medicare?
Medicare is a federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (ESRD). Medicare is divided into four parts: Part A, Part B, Part C, and Part D.
Part A: Hospital Insurance
Part A covers inpatient hospital stays, skilled nursing facilities, hospice care, and home health care.
Part B: Medical Insurance
Part B covers doctor visits, outpatient care, preventive services (such as flu shots), and medical equipment. Part B also covers some mental health and rehabilitation services. Visit boomerbenefits.com/new-to-medicare/parts-of-medicare/medicare-part-b to learn more about medicare part B.
Part C: Medicare Advantage
Part C is an alternative to Original Medicare, offered by private insurance companies. Medicare Advantage plans offer the same coverage as Parts A and B, but sometimes include additional benefits such as vision, dental, and hearing. Part C plans may also include prescription drug coverage.
Part D: Prescription Drug Coverage
Part D is prescription drug coverage offered by private insurance companies. It covers both generic and brand name prescription drugs.
How to enroll in Medicare
If you’re turning 65, you usually have a seven-month period around your birthday to enroll in Medicare. If you have a disability and qualify for Medicare, you can enroll at any time. You can enroll online, by phone, or by visiting your local Social Security office. If you need more assistance, call an expert like https://localmedicarespecialists.com/ to find out what you should do!
Medicare Part A is usually premium-free, as long as you or your spouse paid Social Security taxes for at least 10 years. Part B has a monthly premium, which is based on your income. Part C and Part D are offered by private insurance companies who set their own premiums.
Medicare Supplement (Medigap)
Medicare Supplement plans are offered by private insurance companies and can help cover out-of-pocket costs not covered by Original Medicare, such as deductibles and copayments. They also provide additional coverage for services not covered by Medicare, such as travel to other countries.
Medicare is an essential program that helps millions of Americans access the medical care they need. Understanding the different parts of Medicare can be overwhelming, but it’s crucial to enroll in the right coverage at the right time. We hope this article gave you a good overview of what Medicare is and how it works. To learn more, visit the official Medicare website or talk to a licensed insurance agent.