What is Medicare?
Medicare is a federal health insurance program geared towards those 65 and older or with certain chronic conditions or a long-lasting disability. It offers affordable coverage for many healthcare services used by seniors across the country.
There are multiple plans, or parts, of Medicare. The most common of these is Original Medicare, which includes Part A and Part B. There are also additional options you can replace or combine with this basic coverage, including Part C, Part D, and Medigap.
To fully answer the question, what is Medicare? Let’s look at what separates Medicare from other health insurance programs.
Who's Eligible for Medicare?
Medicare is known for its eligibility requirements. You can enroll in Original Medicare (Parts A and B) if:
- You’re 65+
- You have a Disability and Have Received at Least 24 Months of Social Security Disability Payments
- You Have End-Stage Renal Disease (ESRD)
If any of these apply to you, you can enroll in Original Medicare. And, once you have both Parts A and B, you can choose to add other Medicare coverage depending on your medical needs.
Medicare is also known for its relatively inexpensive coverage. For Part A, most people get it premium-free. You still have to pay a premium for Part B, but it’s only $148.50 in 2021, and is often simply deducted from your Social Security benefits.
Also, like all other health insurance, Medicare requires a deductible. The Part B deductible is $203 in 2021 and $1,484 for Part A.
There are also cost assistance programs that help people save money on Medicare. You can view your Medicare & You handbook or talk to your insurance agent for more information.
Need Help with Your Medicare? Call InvoBH.
When it comes to enrolling in Medicare and shopping for additional coverage, you need a guide. InvoBH is your advocate! We’ll walk you through the entire process, and do the hard work for you—all you have to do is call (314) 669-4308.
Don’t Settle For Anything Less.
Get The Coverage You Deserve!
Interested in Medicare? Call InvoBH
Medicare is a fantastic insurance option. When it comes to enrolling in Original Medicare and shopping for the best-priced additional coverage, you need a guide. InvoBH will walk you through the entire process, and do almost all of the work for you—all you need to do is give us a call at 314-669-4308.