Understanding Medicare


What Is Medicare and How Does It Work?

Medicare is a federally sponsored health insurance policy for those aged 65 and over, as well as certain people with disabilities. If you or your partner have served full-time for 10 years or more over the course of your lives, you are likely eligible for free Medicare Part A (Hospital Insurance). Medicare Part B (Medical Insurance) is available at a monthly rate fixed by Congress per year ($121.80 in 2016 for people with incomes of $85000.00 or less). Depending on their income and wealth levels, certain seniors may also be eligible for free medical insurance (Part B). Inquire at your county social services office about the Eligible Medicare Beneficiary (QMB), Special Low Income Medicare Beneficiary (SLMB), and Qualifying Individual programmes for more details. Weslaco health insurance is one of the authority sites on this topic.

What is the Mechanism of Medicare?

Medicare is classified into two categories of coverage: hospital and private. It isn’t supposed to offset any of your medical bills. Medical treatment and surgical procedures undertaken in a hospital are protected by hospital insurance (Medicare Part A). Hospice, home health, and minimal skilled nursing services are also covered. Doctor costs, outpatient treatment, medical supplies, and lab and diagnostic tests are covered in part by medical insurance (Medicare Part B). Medicare Part C (Medicare Advantage) and Medicare Part D (Prescription Coverage) became available to private insurance providers after the Medicare Modernization Act of 2003.

How do I sign up for Medicare?

If you are earning Social Security payments before turning 65, you should be told of your Medicare enrollment shortly before your 65th birthday. Others must register for Medicare by calling or visiting their local Social Security office. If you have not yet obtained Social Security benefits or a Medicare enrollment notice, you can contact your local Social Security office for more details. Medicare applications are approved for a seven-month period starting three months before your 65th birthday and ending three months after your 65th birthday. THE THREE MONTHS PRIOR TO YOUR 65TH BIRTHDAY MONTH ARE THE Perfect TIME TO APPLY. If you apply during that period, your coverage will begin on the first day of the month in which you were born. Applying later will cause your benefits to be deferred. After you turn 65, you will apply for Medicare from January 1 to March 31 of each year. Your plan will begin on July 1 of the year you enrol, and you will be paid a 10% surcharge on your Part B premium for each year you were eligible but did not enrol.


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