Insurance coverage is important to ensure that you are able to get the medical care you need, when you need it. With the costs of such services rising drastically in recent years it is more important than ever to make sure you have adequate coverage. Even if you have government backed insurance it may surprise you to know that it is possible to lose your Medicare Eligibility. Now, they won’t kick you out for no reason, but will scrutinize your finances and other personal faculties to make sure you can’t afford insurance.
Unlike Medicaid it is a lot harder for a person to lose there ability to be covered by Medicare. That is because, like social security, it has been set up as a safety net for all elderly persons. Without the system there would be a less help for our seniors. To lose Medicare eligibility you would have to either lie, offer a false instrument for filing, or do some other horrible act. Medicaid on the other hand is subject to a lot more rules and people are more frequently denied coverage.
While it is very difficult to lose your Medicare Eligibility you should remember that there are limits to the amount of coverage you can receive. That means that if you require an extensive amount of health care there may be some bills that Medicare doesn’t entirely cover. If that is the case you should probably consider looking into some sort of supplemental insurance to help reduce your overall losses. Health care can be extremely expensive and while Medicare can help, it isn’t necessarily the absolute answer to our financial worries.