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November 22, 2020 @ 10:54 am

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. There is a significant percentage of the country’s population that will have to cover medical costs by themselves and cannot have access to lower prescription costs because they don’t have health insurance. 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 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. 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. The most commonly used part of Medicare is B because it covers the costs of regular doctor’s visits as well as medical suppliers one might need.

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. By covering the cost of prescription drugs, shots and vaccines to ensure proper health, it comes as a relief to long-term medication users by allowing access to lower prescription costs. As you can see, Medicare is just as important as health insurance whether you will benefit from lower prescription costs or not.

If you are an American citizen or permanent resident over the age of sixty-five you are eligible, however, you will enjoy more benefits like not paying premium for Medicare part A if you meet certain qualifications like being a social security beneficiary. 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. All the four parts of Medicare require payments in different amounts monthly based on things like how long you have paid Medicare taxes and the amount of your income. These are the questions you ask about Medicare coverage to know if you are eligible.