Part A Medicare is hospital insurance that covers inpatient care at hospitals, hospitals that specialize in critical care and skilled nursing facilities. In addition, home health care and hospice are also covered by Part A.
Part B Medicare is medical insurance that pay for necessary medical services and supplies. With this coverage, you may be required to pay a premium. Part B Medicare also covers doctor services, outpatient care, various home care and physical or occupational therapy.
In addition, the low costs of Medicare is one of the main advantages of Medicare. Vision prescription drug and dental coverage are three more advantages to Medicare.
Who is Eligible?
Those who are eligible for Medicare are: those who are 65 or older and those who are eligible for Railroad Retirement or Social Security benefits. Also, those who are 65 or older and have a spouse or former spouse who receives Railroad Retirement or Social Security benefits. In addition, those who worked for a period of time in a local, state or federal job, have been receiving Social Security disability benefits for at least24 months, or have the end stage of Kidney Disease, are also eligible for Medicare.
With the addition of the Medicare Managed-care plans, there are extra benefits and lower co-payments than with the regular Medicare. These type of plans offer variations when it comes to health care coverage, costs and flexibility. The advantages of Medicare managed-care plans are the low costs and additional benefits.
However, the managed health care insurance plan charges a monthly premium but in most cases, Medicare pays most of the premium—sometimes all of it. With the economy still in poor shape, it is even more important for those who are eligible for Medicare to take advantage of the Medicare program, for Medicare can be a lifesaver in so many ways.