Medicare is a federal health insurance program that covers those who are 65 and older. Is Medicare Insurance really insurance? Yes, it is.
Those who have Medicare coverage are known as beneficiaries. Medicare covers for many healthcare needs but it doesn’t cover everything. It is important to note that Medicare does not cover care that is given in a person’s home, in a nursing home or an assisted living facility. Is Medicare insurance for you? Find out by checking some online websites.
Medicare benefits are offered and given in four parts—A, B, C and D. Part A pays for inpatient hospital care, hospice care, some skilled nursing homes and some health care needs. Also, Part A does not have a premium but most pay a monthly premium under Medicare part B. Medicare B helps to pay for outpatient care, doctors, hospital care and other healthcare.
Part C is when PPOs, HMOs and other health care organizations are allowed to offer health insurance plans to beneficiaries of Medicare. In addition, Part C is also allowed to offer other benefits such as vision and dental care.
In addition, what makes Medicare a good choice for health insurance is that with Parts A and B you can choose any doctor you want, as long as he or she accepts Medicare for payment. Often, this allows you to keep a doctor you had before enrolling with Medicare and helps to keep your healthcare coverage consistent. Another advantage in having Medicare is that you will be eligible for Medicare, no matter what your current health conditions are or what they were in the past. And, once you are enrolled in Parts A and B, you may also be eligible for a prescription drug card. If you are able to get a prescription drug card, you can save over 10 percent or more on the cost of prescription drugs.
So, is Medicare insurance for you? To find out the answer, check out the Medicare website, online.