Health insurance has come as a relief to millions of people who otherwise would not have been able to afford the thousands of dollars every time they have to see a doctor. 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. When you don’t have health insurance, you don’t enjoy the benefits like lower prescription costs that insured individuals do, leaving you stressed about thousands of dollars. In this article you are going to learn about Medicare and what you need to qualify for it.
The first thing you should know about Medicare is that is a health insurance program created by the federal government with four different parts covering specific things. Medicare part A helps in covering medical bills for the duration you stay in a hospital raking up costs. Among the four parts of Medicare, part B is the one being used the most since there are people who have to see doctors regularly and have medical supplies for underlying conditions.
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. Medicare part D is of tremendous benefits to long-term medication users because it enables access to lower prescription costs. You now understand why it is important to qualify for Medicare if you don’t have health insurance and why you should check your eligibility.
Regarding the qualifications for Medicare, you become eligible if you are above sixty-five years are enjoying or eligible for social security or Railroad Retirement benefits, or paid into Medicare payroll taxes during your working days. 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.
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. Now you know everything there is to know about Medicare including its amazing benefits like access to lower prescription costs and eligibility.