You have limited options with health insurance. Many people are aware of how beneficial they can be but tend to make the wrong choice when selecting one. If you’re not aware of what Medicare is and want to know more about it. Well, you’re in the right place. Here, we will discuss the insurance program in-depth, so continue reading on for better knowledge.
What is Medicare?
Medicare is a federal health insurance program that you can get once you’re 65 or older. You may also get Medicare at the age of 18 or older if you have some disability or end-stage kidney disease. This insurance program offers basic coverage to assist the person with the financing of medical attention and hospital stays.
Medicare Part A and B
Also known as Original Medicare, Parts A and B cover the patient’s cost of staying at a hospital, other healthcare facilities, and covers medical attention services such as checkups, x-rays, and testing.
Medicare Part C
This is also known as Medicare Advantage, and most private health insurance companies provide such plans. Once you choose a Medicare Advantage plan, you will continue to have Part A and B coverage. However, this plan also offers extra services and includes several more benefits.
Medicare Part D
This part covers the cost of drugs prescribed to a patient. However, this type of coverage is only offered by private health insurance companies. On the other hand, if you desire to obtain this coverage, it sometimes might be included in a Medicare Advantage plan, or you can get it separately as well.
Who Can Get Medicare?
If you’re wondering whether you’re eligible, you need to look into two factors. First is whether you’re older than 65 or have a disability in the early stages of your life. You must also be an American citizen and permanent residency for at least five consecutive years.
If you still have any confusion or concerns, you can get assistance on what plan would be best. For all of your Medicare questions, call Generations Insurance today.