Medicare Basics: An Introduction To Medicare

By |2020-08-13T06:40:20+00:00August 14th, 2020|Categories: Blog and News, NHIA Blog|Tags: , , , |

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.

Medicare Parts Explained

By |2020-04-16T01:08:10+00:00April 15th, 2020|Categories: Blog and News, NHIA Blog|Tags: , , |

Medicare Parts can be difficult to understand. That’s why we are including it in our back to the basics month. Seniors all over the states participate in the Medicare medical plans. But, sometimes they don’t fully understand what is actually covered under these plans. In this article, we will explain the Medicare parts and talk about what is included in each.

Do you or a loved one have Medicare? Do you assist in medical care for an elder who has Medicare? Getting old and wondering what Medicare is? At the risk of sounding like a late night infomercial, these questions are actually more important than you think. Medicare is insurance coverage and benefits intended to help provide coverage for senior citizens. There are four Medicare parts to explain. Let’s get started.

This article does not cover all terms, conditions or benefits of the Medicare coverage system. For a full explanation of a policy, or if you are in need of insurance, please call us at National Health Insurance Agencies. One our policy service members would be happy to assist you.

Part A

Medicare Part A is hospital coverage. When you are accepted for Medicare, you automatically get Part A coverage. This part covers hospital stays, hospice care and nursing care related to rehabilitation even if it has to be completed in a nursing home. A semi-benefit of this plan is that there is no monthly premium. However, if you are unfortunately admitted to a hospital often, it may cost more from you than you expect. A high deductible is part of your out-of-pocket costs for this plan. The deductible changes each year, but can be between one to two thousand dollars per hospital admittance. Afterwards, Part A pays for nearly all other charges associated with your stay for 60 days.

Part B

Medicare Part B refers to doctor’s services and outpatient care.  Firstly, this part covers things like lab work, screenings and medical equipment. However, there are more costs associated with Part B including a monthly premium and an annual deductible. Many people choose to weigh their options with this plan despite its benefits. Speaking with an insurance agent about Part B coverage may help you make an informed decision.

Part C

Medicare Part C is also known as the Medicare Advantage (MA). This plan is often offered by private insurers managing Medicare coverages for seniors. Part C includes the benefits of A and B (which you’ll have to pay for) as well as the definition of a plan type. Meaning, Part C lumps A and B together with extra benefits that come with private health insurance. Part C coverage varies with the coverage provider. It is important to take time to research both the insurer and coverage options before making a selection.

Part D

Medicare Part D is most notably called the Prescription Drug Plan. As noted, this plan pays for some or all of your prescription drug costs. This plan is purchased through a private insurer. Some insurers may even include it in Part C. Coverage options and insurers should be thoroughly researched. There are several rules or exclusions that are associated with this plan. For more information, click here.

At National Health Insurance Agencies, we care about your health and safety. For assistance finding your best coverage, contact us today. Afterhours? Request a free quote!

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.
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