When I first started my career in the Medicare world, I was overwhelmed with all the new information I had to learn. I found that breaking it down into bite-sized pieces made it easier to understand. It took a lot of time (and patience), and one of the hardest parts was understanding all the different parts of Medicare. Here are some tips that helped me understand Medicare.
What is Medicare?Medicare is a federal health insurance program for people 65 and older, people under 65 with certain disabilities and people of all ages with end-stage renal disease. Medicare is partly funded by payroll taxes from most employers, employees and all people who are self-employed. The Medicare program offers basic coverage to help pay for things like doctor visits, hospital stays and surgeries. What are the parts of Medicare?Medicare is broken out into four parts.
Medicare Parts A and BParts A and B are known as Original Medicare. This is the most basic coverage you can get. Medicare Parts C and DParts C and D are available through private health plans. They’re both ways to enhance your health care coverage if you want more than what Original Medicare offers. Medicare Parts A, B, C and D explained:
When can I get Medicare? You’re eligible for Medicare when you turn 65. There are a few different times you can enroll throughout the year. These are known as enrollment periods. Check out the off exchange health insurance, or visit us for more information.
2 Comments
10/12/2019 10:19:22 pm
Great post!! Thanks for sharing.
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16/1/2020 12:24:08 am
Thanks for sharing this informative article!! Part D is voluntary because some people with other drug coverage may not need it.
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