Medicare is a federal government-funded insurance health program. Citizens can only join this program when they turn 65. However, a select few who suffer from severe medical conditions, health problems, and other disabilities can also benefit from this program even if they are under 65.

It is important to note here that Medicare is different from Medicaid. While the former addresses a particular age group, the latter provides medical and health services to individuals earning a low-income.

Medicare can help you take care of medical expenses, even though it may not account for everything. You are eligible for this program if you are a citizen of the United States aged 65 or older, you are a permanent legal resident for at least five years, or if you are under 65 with a disability.

Medicare Plans

Depending on coverage and expenses, there are four options available under the Medicare program. They include Part A, Part B, Part C (also known as Medicare Advantage), and Part D. Since Medicare cannot cover every expense or help every remedy, it is imperative to understand what each part covers and what one needs to do to have additional coverage.

Part A and Part B (Original Medicare)

Medicare Part A and Medicare Part B are both referred to as Original Medicare.

Medicare Part A (hospital insurance) is available to most people for free. The reason is that a substantial percentage of people would have already spent their working years paying for it by paying Medicare taxes. Part A covers inpatient services.

Part B, sometimes called medical insurance, covers outpatient services and other medically necessary services.

Part C (Medicare Advantage) and Part D

Medicare Part C (Medicare Advantage) provides most of the benefits in Medicare Part A and B. These plans can also provide extra benefits, such as dental, vision, and hearing coverage. To enroll in a Part C plan, you must be enrolled in Original Medicare.

Medicare Part D, which is the prescription drug plan, can be purchased with Part C as an additional benefit, or it can be purchased as a standalone plan when enrolled in Original Medicare.

If you are looking to learn more about Medicare, contact Eldridge Insurance Agency.