Medicare Insurance
You’re undoubtedly looking into Medicare options if you’re approaching 65. If you enrol in Original Medicare, you have a number of Medicare plan alternatives to select from, including Medicare Supplement Insurance (Part A and Part B).
Golden Time For your Medicare Choice
What is Medicare?
To be eligible for Medicare Part A and Part B, you must be a U.S. citizen or a permanent legal resident for at least five continuous years. In most cases, you have to be age 65 or older, and in other cases you might qualify for Medicare before age 65 if you qualify by disability. This page will help to explain Medicare eligibility in further detail.
Qualifications For Enrollment?
- Be age 65 or older and eligible for Social Security: You may be automatically enrolled in Medicare Part A (hospital insurance) when you reach age 65 and become eligible for Social Security. But, if you’re not receiving retirement benefits from Social Security or the Railroad Retirement Board (for instance, because you’re still working), you must sign up for Medicare Part B when you meet the age requirement, as your enrollment isn’t automatic.
- Be permanently disabled and receive disability benefits for at least two years: You automatically get Part A and Part B after you get disability benefits from Social Security for 24 months or certain disability benefits from the Railroad Retirement Board (RRB) for 24 months.
- Have end-stage renal disease (ESRD) (permanent kidney failure that requires dialysis treatment or a kidney transplant): You need to sign up for Medicare, as your enrollment isn’t automatic.
- Have Lou Gehrig’s disease (Amyotrophic Lateral Sclerosis, or ALS): You automatically get Part A and Part B the month your disability benefits begin.
Benefits you can Enjoy.
Medicare Advantage Plan benefits that may be available to you:
- Medicare Part B deductible
- Dental/Vision/Hearing at No Cost
- $0 Monthly Premiums
- $0 Copays for many services
- Prescriptions Drug Coverage
- No Cost Rides to Medical Appointments
For more instances, please reach our licensed agents at info@leadyards.com Monday-Friday from 8am to 9pm EST.
Medicare Basics
Medicare is a federally funded national health insurance program for those aged 65 and older or individuals with certain disabilities or health conditions. Medicare consists of 4 different parts. Parts A & B together are also called “Original Medicare”.
Medicare Part A
Medicare Part A is also known as Hospital Insurance. Many individuals are eligible for Part A at no premium. If not, Part A is also available to purchase for a monthly premium. There are deductible and coinsurance costs associated with Part A. Some benefits of Part A may include:
- Hospital stays
- Skilled nursing care
- Hospice care
- Does not include long term care
Medicare Part B
Medicare Part B is also known as Medical Insurance. There is a monthly premium for Medicare Part B. It is important to enroll in Part B when first eligible to avoid a late enrollment penalty. There is an annual deductible and coinsurance expenses. Services that may be included under Part B are:
- Physician services
- Outpatient hospital services
- Some home health care
- DME – Durable Medical Equipment
- Preventative care