Turning 65 isn’t easy. It comes with an array of chronic health conditions, regular doctor appointments, and prescription medication. All of this can be financially draining and can even take a toll on your physical and mental health. This is why Medicare coverage options provide complete peace of mind.
Medicare is a government health insurance program offered in the US that provides comprehensive coverage for several aspects of healthcare. This national insurance program is administered by the Centers for Medicare and Medicaid Services (CMS) and the program also extends coverage for individuals younger than 65 who live with specific disabilities like amyotrophic lateral sclerosis (ALS) and end-stage renal disease.
Medicare health insurance program is divided into four components:
Medicare Part A, Part B, Part C (Medicare Advantage), and Part D (for prescription drugs)
These private insurance policies help to bridge the gap by covering out-of-pocket expenses like deductibles, copays, and coinsurance.
As long as you are eligible for Social Security benefits, you will automatically receive Medicare Part A benefits, which provides coverage for hospital costs, and Medicare B, which covers doctor visits.
However, you will have to enroll yourself in other parts of the program, like Medigap and Medicare Part D.
