Medicare is an insurance policy that every American pays for, in advance, throughout their younger years. Employers and employees alike contribute to this insurance policy that targets a certain section of society in order to subsidize their medical bills. Find out her if you are eligible for Medicare if you are 65 or over.
Medicare eligibility has been constant since its introduction in 1965. Medicare was established as a way of reducing the financial pressure of medical bills on a particular part of the overall demographic. This age was set at 65 as it was assumed that most people retired from active employment at this age. However, the age of 65 is just one of the eligibility conditions.
Medicare eligibility is not just restricted to a particular age bracket. In addition to age, disability also plays a part in ones eligibility. Medicare has different plans for different individuals and those that are disabled are another demographic that benefits from this insurance. You may be over 65 but if you have some form of disability, you are qualified for some added advantages in the policy that other policy holders do not enjoy.
How Retirement Works To Your Advantage in Benefiting From Medicare
Retirement from active employment is another factor that qualifies one for Medicare. Recent statistics show that 62% of Americans are unaware that they are eligible for Medicare benefits on retirement. These statistics show that although many people are past the age of 65, they do not know that they are eligible for Medicare if they are 65 or over.