Questions to Ask About 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. But in as much as health insurance is important and beneficial in several ways like having access to lower prescription costs, more than twenty-eight million people in the country are not insured. 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. If you have been struggling to understand Medicare and its edibility criteria, below is everything you need to know.
The main difference between Medicare and the other health insurance programs you know of is that this one belongs to federal government and has up to four different parts, each responsible for a specific thing. The first part of this health insurance is known as Medicare part A which covers the cost of hospital stays or the bills incurred in a nursing facility. If you don’t have health insurance and you have to visit a doctor regularly, you know how expensive it can be since you don’t enjoy lower prescription costs either, but Medicare part B is here to help.
Being enrolled in the first two plans of Medicare is very important because it is a requirement for qualification to Medicare Advantage or part C which does not include lower prescription costs. Medicare part D is of tremendous benefits to long-term medication users because it enables access to lower prescription costs. With Medicare, you can access lower prescription costs or see a doctor regularly without worrying about the costs making it a must-have if you are uninsured for one reason or another
Being eligible to Medicare part A means you can access the lower prescription costs in part D, however, you be receiving or be eligible for social security or railroad retirement benefits or worked for the government and has paid into Medicare payroll taxes. If you are under the age of sixty-five, you may also qualify for Medicare coverage and have access to lower prescription costs but you must meet the qualifications like being eligible for social security for the last two years or you are permanently disabled among other things.
Another thing you should know about this type of insurance is the average costs; just like with other types of insurance, the money you will be expected to pay will be determined based on various factors before you can have access to lower prescription costs. For those who are long-term medication users, there is a premium to be paid monthly to have access to lower prescription costs, and it is based largely on your income although there are other contributing factors too. This is what you should know about your Medicare eligibility.