If you are an older adult, you have definitely heard of Medicare. Even if you are younger, you know the term, even if you do not know what it means. This week we are breaking down the Medicare basics. Read on to learn about what exactly Medicare basics are and who is eligible.

 What Is Medicare?

Medicare is a nation-wide insurance program for Social Security recipients. The recipients must meet one of two criteria: they are at least 65 years of age or they are permanently disabled.

Medicare Vs Medicaid

Medicaid is a welfare program, while Medicare is not. Medicaid is a program that provides medical coverage to low-income families and individuals.

Part Of Medicare

There are four parts of Medicare. While part A and B are the most substantial, all four cover different components of health. For more detailed explanation of the parts of Medicare, check our article here.

Part A

Part A is hospital coverage. Medicare automatically awards part A to everyone who earns coverage. This covers hospital stays, hospice care, and nursing homes.

Part B

Part B covers doctor services and outpatient care. In addition, part B takes care of lab work, screenings and medical equipment. However, part B does have an associated cost.

Part C

Part C combines Medicare with private health insurance. You might also hear part C as “Medicare Advantage”. It combines parts A and B as well as additional coverage options through private health insurance.

Part D

Insurance experts refer to part D as the prescription drug plan. This plan covers a portion or al of an individual’s prescription drug costs.

Medicare Eligibility

Medicare has more open eligibility than most people initially believe.

Firstly, the most common group of people that Medicare covers are individuals who earn Social Security in addition to an age qualification. That is, they must reach 65 years of age or older.

Then, the next most common are individuals who earn Social Security for at least 24 months.

In addition, there are many smaller groups of qualified individuals. Read more about those groups here.

Where To Enroll

Luckily, it is not too difficult to enroll in Medicare. Local Social Security Administration offices accept enrollment. In addition, Railroad retirees enroll through their Railroad Retirement Board. Finally, enroll online through the Social Security Administration website.

If You Need Assistance

Contact NHIA to learn more about Medicare coverage. Also learn about BlueMedicare supplements A, B, C, D, F, G, K, L, M, N as well as BlueMedicare Advantage plans.