Posted: Wed Feb 15, 2006 8:32 am Post subject: Medicare
Medicare is designed to take care of the medical needs of senior citizens. This national health insurance program strives to provide seniors with the required healthcare and prescription drug coverage. It is an entitlement program just like social security and is not based on financial needs. The eligibility criteria for Medicare are:
You must be 65 years or older or
If you are under 65 then must have specific disabilities or
No matter what age you are in, you must have a terminal-stage renal disease.
Medicare benefits are divided into 4 parts by the Department of Health and Human Services
Medicare Part A(Hospital Insurance) – Covers part of inpatient care in hospitals, hospice, skilled nursing facility and home health care (if the patient meets certain conditions).
Medicare Part B (Medical Insurance) – Covers services like doctor, outpatient care, a portion of preventive services.
Medicare Part C ( Medicare Advantage Plans) – Part C combines Part A, Part B and sometimes even Part D coverage and are maintained by private insurance companies approved by Medicare.
Medicare Part D (Prescription Drug Coverage) – With this a portion of the patient's prescription drug costs is covered. This is designed to help individuals lower prescription drug costs and protect from higher costs in future.
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Posted: Wed Feb 15, 2006 11:17 am Post subject: Medicare insurance
Till you reach 69, the same insurance coverage would be applicable to you as it would be for the younger employees in the organization incase the total strength of your organization more or at least equal to 20. Once you are 65 years old it is your personal wish as to whether you would like to go for Medicare or the coverage offered by your employer. Even before your claim gets filed with Medicare, you might get paid for all the benefits covered by your company plan, incase you opt for the latter. Under the present circumstances, its advice able that you go for the coverage offered by your company. _________________ Register Now to have your Insurance queries solved.
