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. Medicare helps in alleviating the concerns and stress of these individuals but only those who qualify. To learn about Medicare’s eligibility requirements and whether you meet them or not, continue reading the following article.
Medicare is a health insurance program but unlike the others, it was initiated by the government and not owned by any company and covers different things. Medicare part A, although not helpful for those who want access to lower prescription costs, it alleviates the stress by paying the medical bill when for your stay in a hospital or nursing home. 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.
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. As you can see, Medicare is just as important as health insurance whether you will benefit from lower prescription costs or not.
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. 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.
Even if you are enjoying the benefits of Medicare coverage like lower prescription costs, there are costs you will be required to pay based on several conditions but there are average costs you can use to determine if you qualify. 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. This is what you should know about your Medicare eligibility.