Once you reach a certain age in this country, you are eligible to start receiving your Medicare benefits. However, as this can be a slightly complicated process for those who have never experienced it in the past, there are some facts you will need to know about your government healthcare coverage.
Medicare is the federal health insurance program for all Americans over the age of 65, as well as those with disabilities. Medicare is available across the entire country, and is a fee-for-service plan that is managed by the United States government. While it pays for many health care services and supplies, it does not cover every single cost.
Generally speaking, it is best to enroll in the program as soon as you become eligible. If you choose put this off until a later date, you will incur a late-enrollment penalty right at the beginning. Should you already have health insurance coverage from an employer or another source, you should discuss your available options with a benefits administrator.
Medicare has four parts, including hospital insurance (Part A), medical insurance (Part B), payments for doctors and related services, such as prescription drug coverage (Part D). Medicare Part C gives you the option of receiving the benefits of the other three through a private health plan, such as an HMO or PPO. This coverage is known as Medicare Advantage.
Medicare Parts A and B can be obtained through your Social Security office, while Parts C and D, as well as Medicare supplements, can be purchased through agents and private insurance companies.
If you are interested in learning more about Medicare before your enrollment and coverage actually begins, you can always visit the government website at www.medicare.gov. This is an invaluable resource for everything you will possibly need to know!
Be sure to check back here again for more helpful health insurance information, or contact a member of our team to learn more about available options.
