Medicare is a federally funded health insurance program. It currently helps many citizens of the United States afford medical treatment. It was first created in the 1960’s. Since then it has grown and undergone tremendous changes. For one to qualify to be involved in this scheme, they should be over the age of 65 years, physically or mentally disabled, suffer from acute renal problems, or have terminal diseases. For those who are under 65 years and below and could wish to be covered by this scheme, they must be social security recipients or have been on railroad retirement for at least two years.

Categories of Medicare

The benefits that one receives from Medicare are divided into four major categories, namely;

part A

This is virtually hospital insurance that covers inpatient care in hospitals. The skilled nursing facilities and home health care services that one receives.

Part B

It is also known as medical insurance. It helps cover medically-necessary services like out patience care, doctors service, home health services plus other medical services. This particular one also covers other preventive services.

Part C

This one is also known as Medicare Advantage plan; This is offered by private companies approved by Medicare.

Part D

This one can also be known as prescription drug coverage. Everyone with Medicare is offered prescription drugs. In any case, you decide not to join the Medicare drug plan when you are first eligible, and it so happens that you don’t have any other credible prescription coverage, then …