Everything You Should Know Concerning your Medicare Eligibility
Thanks to health insurance, millions of people in the country and around the globe don’t have to stress about footing the bills of medical care out of pocket. Even with many benefits that come with having health insurance, more than twenty-million Americans are uninsured, leaving them to cover medical costs by themselves. It is because of this concern to fund expensive medical treatment and procedures that Medicare comes as a relief to these uninsured individuals, enabling them to access lower prescriptions costs. To learn about Medicare’s eligibility requirements and whether you meet them or not, continue reading the following article.
Medicare is a health insurance program but unlike the others, it was initiated by the government and not owned by any company and covers different things. Medicare part A helps in covering medical bills for the duration you stay in a hospital raking up costs. The most commonly used part of Medicare is B because it covers the costs of regular doctor’s visits as well as medical suppliers one might need.
The third part of Medicare is part C which is available through private insurers and you must be enrolled in parts A and B to enjoy its benefits which do not include lower prescriptions costs. If you require long-term use of medication, you understand the importance of having access to lower prescription costs and Medicare part D helps with that. As you can see, Medicare is just as important as health insurance whether you will benefit from lower prescription costs or not.
If you are an American citizen or permanent resident over the age of sixty-five you are eligible, however, you will enjoy more benefits like not paying premium for Medicare part A if you meet certain qualifications like being a social security beneficiary. Those who are below the age of sixty-five can qualify for Medicare coverage and enjoy its benefits like lower prescription costs provided they meet the qualifications.
Even if you are enjoying the benefits of Medicare coverage like lower prescription costs, there are costs you will be required to pay based on several conditions but there are average costs you can use to determine if you qualify. All the four parts of Medicare require payments in different amounts monthly based on things like how long you have paid Medicare taxes and the amount of your income. These are the questions you ask about Medicare coverage to know if you are eligible.