Medicare is a federal insurance for special category of people. It mainly covers people who are 65 years and above, in some cases, people with disabilities (even younger), people donate suffering from permanent kidney failure and in other cases people who have worked full-time for more than ten years.
Usually Medicare is categorized into two parts, as explained below.
Medicare part A.
All the things that are covered in part A of Medicare, depends on the federal and state laws, local decision to cover a certain person made by every insurance company in each state that have Medicare insurance program and national coverage decision made by Medicare on what should be included on the cover and what to rule out; it is these bodies who decide what would be in Medicare program, depending on many factors that they usually consider.
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When you are covered in Medicare part A, it covers the following;
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Inpatient; your stay in the hospital.
Medical Care from a skilled nursing hospital.
The care that the insured receive from the hospice.
Some specialized home health care.
Therefore it is important for you to understand this part well do you can understand what is required of you.
Medicare part B.
The Congress set a certain rate that an individual gets in part B of Medicare. Your monthly premium for Part B keeps in increasing with a certain percentage each year if you don’t sign up for it on time. By a certain percentage, the premium for Medicare increases in each year if you don’t sign up on time.
In Medicare part B plan, there is a penalty if you are late for enrollment. With the Medicare part B, it covers the doctor’s charges, the preventive services, outpatient services and the medical supplies.
Also referred as advantage plus plan, part C of Medicare is usually offered by private companies who work together with Medicare to provide you with the benefits of part A and part B. When you are covered in part C, the Medicare services are not paid by the initial Medicare but in the plan. itself The following are what covered in Medicare Advantage plan; health maintenance organizations, Medicare medical savings account plans, preferred provider Organizations, special needs plans and private fee for service provider.
Medicare Part D.
This part of Medicare adds the drugs prescribed to you by your doctor to the original Medicare, to Medicare medical savings, to specific Medicare cost plans and to certain Medicare private fee for services plans
It is very important to enroll in the Medicare plans so that you can enjoy all the benefits that these plans have.