Medicare is a point of contention for many who are getting closer to retirement age and trying to understand the ins and outs of the program. What does it cost? What’s covered and what isn’t? When can you enroll in the program?
To completely comprehend Medicare, it’s worth discussing the program with an expert. Fortunately, you can get a better overall understanding of the answers to some frequently asked questions about this program. Here are five things you need to know about Medicare.
The Different Parts of Medicare
There are different coverage parts in Medicare that you may wish to pursue when looking at coverage options. Part A covers hospital services. Part A coverage is free to those who have paid Medicare taxes for a decade or can be acquired for a monthly fee if not. Part B covers physician services and has a monthly fee attached. Part D covers prescription medication for a moderate monthly fee as well.
Part C of Medicare is offered through private insurance in partnership with the Medicare program. This part of Medicare is also known as Medicare Advantage and provides Part A, B, and D. [Read more…]