General Information on Medicare
Medicare is an important part of the United States healthcare system. Medicare is an important insurance coverage for the elderly or certain qualifying people to assist them with potentially life ruining medical expenses. To qualify you need to be 65 years of age or higher. Alternatively if you require dialysis due to kidney failure you can also qualify. It’s an odd quirk that kidney failure qualifies for universal healthcare coverage.
Medicare is made up of four sections. Each section covers different things and you can be part of some or all of them with medicare. The four types of medicare are:
- Medicare Part A - Part A covers any time you might have in a hospital or if you’re in a nursing facility. It helps cover those expensive hospital costs.
- Medicare Part B - Part B is anytime you have a mandatory visit for doctors services or for preventative treatment of serious concerns.
- Medicare Part C - Part C is private aspects to Medicare. It is private companies who provide the other parts of Medicare while also offering up additional services from the privatized medicinal sector.
- Medicare Part D - This part is the Medicare drug plan. By using it, you can help subsidize the cost of your prescription medication.
Medicare isn’t the only way you can get coverage however. In fact, relying on medicare alone is likely to cause you problems you weren’t expecting. You can end up with costs that you can’t handle at times when you’re the least able to recover from them.
Medicare isn’t a perfect solution that pays for everything. Medicare helps cover the costs of urgent care situations but can leave a lot of quality of life issues uncovered. In addition, medicare doesn’t cover everything for what it does cover. You are often left with deductibles and copayments that you need make make on your own.
Supplemental insurance is insurance to cover the “medigap” in standard medicare coverage. This means that when you’re being treated for something covered by medicare, you will fully covered instead of partially covered.
As mentioned earlier, Medicare Part D adds prescription drug coverage to your Medicare plan. If you join, you’re going to want to determine which drug plan works best for you. Medicare offers you a lot of different coverage plans depending on the amount and type of drugs you take. This means that you can customize to make sure that you’re not wasting money if you’re not a heavy prescription user. This will let you choose specific pharmacies that you will get your drugs from and each plan may actually have different costs at different pharmacies. Take your time and choose the right one.
The AARP also helps assist with supplemental health insurance. The association does not work as an insurance company of themselves, but they do help contact with healthcare insurers to set up plans that are tailored best for their members. Members of the AARP can get lists of these potential supplemental insurance plans in order to choose their best supplemental insurance option. It’s important to know that they can’t make recommendations as they are not supposed to show favoritism for one plan over another and the AARP itself is not a series of doctors and shouldn’t be outright medical suggestions. They provide assistance to let you do the choosing.
No information on this website should be used to start the use of dietary supplements and vitamins, natural and herbal products, homeopathic medicine and other mentioned products prior to a consultation with a physician or certified healthcare provider.