If you’re nearing age 65, you’re probably considering your Medicare enrollment options. The standard coverage beneficiaries receive is Medicare Parts A and B, known as Original Medicare. Part A includes coverage for hospitals, skilled nursing facilities, and hospice care while Part B includes doctor visits, outpatient therapy, ambulances, and medical equipment.
If you’ve recently enrolled in Original Medicare, congratulations! Now is a good time to learn about the different parts of Medicare, so you can understand what your benefits include and decide if you want to sign up for additional coverage.
Like any massive insurance enterprise, Medicare is confusing. Medicare.gov offers hundreds of pages of explanation, but luckily the basics of the program aren’t difficult to grasp. As the cliché goes, however, the devil is in the details.
While they sound alike, Medicare and Medicaid are two different programs. Both can help you pay for health care and medical expenses, but Medicare is an age-based federal health insurance program that guarantees coverage for individuals ages 65 and over and some younger people with disabilities.
If you’re looking for an example of a large government program that’s difficult to understand, look no further than Medicare. The Medicare website contains hundreds of pages of information—few of which are easy reading.
A couple decades ago, there weren’t a lot of choices when you became eligible for Medicare. Most U.S. citizens enrolled in Original Medicare, the health plan that’s provided by the U.S. government. The decision-making process was pretty easy.
In our mobile society, it’s not unusual for people to relocate to a new state several times throughout their lives.
Reasons for doing so include new job opportunities, cutting back on living costs, lifestyle choices and living near family, whether it’s children or aging parents.
Are you retired, or thinking about retirement, and wondering if you need a Medicare Supplement insurance plan? The answer involves a look at your personal circumstances and a little educated guesswork into the future. It might seem scary, trying to figure out what kind of Medicare and related insurance you need when you retire – but you can generally make …
There are different ways that you can receive your Medicare coverage, or add onto that coverage. Medicare Advantage and Medicare Supplement insurance are options that may sound similar, but they’re quite different. They do have one main thing in common: they’re both offered by private insurance companies. There are two options commonly used to replace or supplement Original Medicare. One …
Whether you retire at 65 or keep working, you’ll be eligible for Medicare. Which means, you’ll have new choices in health plans — maybe more options than ever. There’s a lot to think about. So, it’s smart to start planning by asking these important questions. #1 — Will Original Medicare Alone Cover My Medical Costs? Unfortunately, Original Medicare only covers …
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