Medicare is a medical insurance for the following groups of people:
- People over the age of 65;
- People under the age of 65 with certain medical conditions;
- People of any age with renal insufficiency in terminal stage (incurable kidney disease, which requires dialysis or a kidney transplant).
Different parts of the Medicare insurance
Different parts of the Medicare program provides coverage of certain types of medical services:
Part A of the Medicare program (hospitalization coverage):
- It helps pay for inpatient hospital treatment, facilities services, skilled nursing care, hospice and home care;
- Most patients do not have to pay monthly premiums for the Medicare Part A due to the fact that they or their spouse paid the Medicare taxes while working in the United States. If you do not get automatic insurance Part A without paying premiums, you may still be eligible to become a member and pay dues.
Part B Medicare of the program (health insurance coverage):
- It helps pay for the services of doctors and other health care providers;
outpatient care, durable medical equipment and care at home;
- It helps provide insurance of some preventive services;
- Most people pay a monthly premium for Part B of the Medicare program in the amount reaching the standard value.
* Note. You might want to get insurance coverage, which fills a gap in insurance of the Original Medicare. You can optionally buy a Medicare Supplement Insurance, Medigap from a private company.
Part C of the Medicare program (also known as Medicare Advantage):
- It provides different options for health insurance plans sold by private insurance companies approved by Medicare. Medicare Advantage plans is a way to get the benefits and services that are covered within Part A and Part B. Most Medicare Advantage plans provide insurance coverage of prescription drugs for Medicare program (Part D);
- Some Medicare Advantage plans may include additional benefits for an extra fee.
Part D of the Medicare program (insurance coverage for prescription drugs of Medicare program):
- It helps pay the cost of prescription drugs;
- May help lower your prescription drug costs and protect against high prices in cooperation with Canadian Health&Care Mall;
- Implemented by private insurance companies approved by Medicare;
- Costs and benefits may be different for different plans.
* Note. Help is available. If you have limited income and resources, you may qualify for help in paying for Medicare health insurance and / or the cost of insurance coverage for prescription drugs. For more information, visit Medicare website, call the Social Welfare Department (Social Security), or contact your Department of Medical Assistance Program (Medical Assistance) in your state.