Below you'll find a list of all posts that have been tagged as “medicare 2023”
Once a year, Medicare gives its nearly 65 million beneficiaries a chance to step back, review their coverage and make any changes that will help them get the best out of the federal government’s health insurance program for adults age 65 and over and people with disabilities.
But experts say too many enrollees overlook this annual opportunity to possibly save money and improve their coverage.
Medicare is a Federal health insurance program that was established in 1965 to provide affordable health coverage for Americans who are 65 years of age or older, as well as some younger people with certain disabilities and medical conditions. Medicare is funded through payroll taxes, premiums, and government funding, and it covers a wide range of healthcare services, including hospital care, physician services, prescription drugs, and more.
The Part B monthly premium will be $164.90 next year, a decline of $5.20 or about 3%, according to the Federal Centers for Medicare and Medicaid Services. Medicare Part B covers numerous items, including doctor visits and outpatient services like lab tests and diagnostic screening.
The term “Original Medicare” refers to Medicare Part A and Part B. Part A helps cover the cost of hospital-related care, including inpatient services, lab tests and surgery. Part B is the medical insurance component of Medicare, which helps cover doctor visits, outpatient care and certain preventive services. The federal government administers both Part A and Part B.
