The Medicare government healthcare program provides insurance coverage at no cost or at a reduced, affordable rate. The benefits of Medicare are available to United States citizens that qualify through the Social Security Administration. To qualify for Medicare coverage, you must either be 65 years or older or have certain conditions including a disability, permanent kidney failure or end-stage renal disease.
Continue reading to learn more about Medicare and the different parts of healthcare coverage you can receive from the program.
Medicare is a federal program that provides health insurance coverage for senior citizens and other eligible beneficiaries to have access to low-cost healthcare options. This program is funded by the government by utilizing taxes paid towards Medicare. If you are a senior, you may be eligible for Medicare if you are receiving SSI benefits from the Social Security Administration.
If you meet the eligibility requirements for the program, you will need to decide which parts of Medicare you would like to enroll in. There are four main parts of Medicare that you can choose from to get the best coverage to suit your health needs. Here is a basic overview of the different Medicare parts:
- Medicare Part A – This is a part of Original Medicare and covers various hospital expenses like inpatient care.
- Medicare Part B – This is a part of Original Medicare and it covers the cost of medical services such as doctor’s visits and outpatient care.
- Medicare Part C – Also known as Medicare Advantage. This plan is a bundle that includes the coverage of Part A, B, and D together.
- Medicare Part D – This is an additional coverage option that extends to pay for prescription drug costs.
The Original Medicare plan consists of Medicare Part A and B while Parts C and D are supplemental plans that will expand your coverage from Medicare. Expanded Medicare coverage may be a good option if you frequently visit the doctor, or you require expensive prescription medications.
Medicap policies can also be added to extend Medicare coverage to help pay for copayments and other out-of-pocket expenses that are not covered by the main program. You may be qualified to receive one or all these parts of Medicare depending on your eligibility and medical needs.
You will need to choose between the different parts to get the coverage that suits your needs. Keep reading to learn how to enroll in the right Medicare plan for you to cover the medical services you need help paying for the most.