Are you 65 years of age or older? Although a simple question, yet the answer you give can allow you to benefit from Medicare and Medicare Advantage plans. It is one of the best public health insurance for senior citizens. Any type of insurance is good and if it’s cheap and affordable, it’s even better. Depending on the kind that you have opted for, they can cover anything from property damage to matters about health. Health insurance is invaluable as we all know how much health care costs; its importance becomes even more paramount as you reach the golden years. Not only do our bodies require more maintenance at this time, but most of the people have retired at this time or are working low-stress jobs. In this article, we will look at Medicare Original and Medicare Advantage what they are and what they cover, allowing you to make a better decision according to your needs.
Medicare or Medicare Original
Medicare is a government-run health insurance option for people who are 65 years of age or older. It is also applicable to young people who have disabilities. It can also be provided to people with end-stage renal disease or permanent kidney failure; these people require dialysis or a transplant to survive.
Parts of Medicare Original
There are two main parts of Medicare original Medicare Part A and Part B; they are listed below with small details on what they cover.
- Medicare Part A or Hospital insurance covers any stay at a hospital of any care received at a nursing home or facility as well as hospice care. It also includes some health care. However, you might need to talk to your doctor or health care provider to ascertain if your plan covers something. Medicare coverage is dependent on three factors – the law of the state as well as federal laws, decisions regarding coverage made by Medicare and the companies that process claims for Medicare.
- Part A Premiums
People usually don’t have to pay any premiums for Part A, if they or their spouse have paid Medicare taxes for a certain amount of time – this is sometimes called premium-free part A. However, in the case you don’t qualify for it you can pay the premium for part A, for more details regarding costs you can get free advice from companies like thebenefitlink.com
- Medicare Plan B or medical insurance is the second part of the original Medicare. Plan B covers individual physician visits, preventive care and services, outpatient visits and medical supplies. As with Plan A, you will need to discuss with your doctor regarding coverage and coverage depends on the same three factors – the state and federal laws, Medicare policies and Medical claim processing partners.
- Part B Premiums
Everybody pays a premium for part B; you can get more information regarding premium amounts from various sites.
Medicare Plan D and Plan C or Medicare Advantage
Medicare Plan D or prescription drug coverage provides coverage for the cost of prescription drugs; this includes recommended shots as well as vaccines. Medicare Plan D is not available separately and is usually a part of the health insurance plan. Medicare Advantage or Plan C is a sort of bundle offer of the different Medicare Parts – A, B and C or another combination. They are provided by private health insurance companies approved by Medicare. The premiums may be a bit higher, but the coverage is better. Depending on the plan, you might even get assistance with costs associated with vision, hearing, dental and various health and wellness programs that are not covered in Original Medicare. Also, Medicare Original and Medicare Advantage are mutually exclusive, meaning you cannot be signed up for both.
Both Medicare and Medicare Advantage are powerful, useful health insurances supported by the government and offer affordability as compared to completely private health insurance. Before making any decision, it is good to search out sites that provide free consultation and advice according to your needs and budget.