Medicare insurance is a federal program for a specialized category of people. Medicare is provided to people who are 65 years and above, done cases of younger people who are disabled, people who suffer permanent kidney failure and in some cases people who have worked full-time for more than 10 years.
As explained in this article, Medicare insurance is categorized into two parts,
Medicare part A.
The decision of what to include in Medicare program is not based on several factors which include the following the federal and state laws, local decision to cover a particular 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 is to be left out . Check the covered california website here!
When you are covered in Medicare part A, it covers the following;
Inpatient; your stay in the hospital.
The medical care you get from a nursing hospital.
Home health care is also covered in Medicare though not all of them.
It is therefore important for you to read and understand the coverage in part A, do that you can know what to expect.
The Congress set a certain rate that an individual gets in part B of Medicare. Each year the premium for Part B Medicare increase by a certain percentage if you are late for enrollment. By a certain percentage, the premium for Medicare increases in each year if you don’t sign up on time.
You are entitled to a penalty if you are late in enrolling for Medicare Part B plan. With the Medicare part B, it covers the doctor’s charges, the preventive obamacare simplified 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. If you are covered in part C, the Medicare services are not paid in the initial Medicare but through the plan. 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. Learn more about insurance at http://www.ehow.com/how_5017067_set-up-insurance-company.html
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
Medicare plans are very important to those who are eligible for them, therefore take the step and enroll to enjoy all the benefits.