What is Medicare?
Medicare is a health insurance program administered by the United States government, covering people who are either age 65 and over, or who meet other special criteria. It was originally signed into law on July 30, 1965 by President Lyndon B. Johnson as amendments to Social Security legislation. At the bill-signing ceremony President Johnson enrolled former President Harry S. Truman as the first Medicare beneficiary and presented him with the first Medicare card.
Below is pertinent information that applies to Traditional Medicare. Please note that there are additional Medicare insurance programs available to you that have different criteria than the Traditional plan listed below. We recommend that you contact your insurance company directly for a more detailed outline. Traditional Medicare is a Federal Health Insurance Program for: People age 65 or older People under age 65 with certain disabilities People of all ages with end-stage renal disease (permanent kidney failure requiring dialysis or a transplant) Traditional Medicare has FOUR Parts: • Part A (Hospital Insurance) Most people don’t have to pay for Part A. • Part B (Medical Insurance) Most people pay monthly for Part B. • Part C (Medicare Advantage) Private fee for service/PFFS • Part D (Prescription Drugs Coverage) For more information click (http://www.medicare.
Medicare is the federal health insurance program that covers individuals age 65 and older. In some cases, Medicare can also cover individuals under age 65 with certain disabilities and individuals with End-State Renal Disease (ESRD). The four types of Medicare are: Part A – Hospital insurance Part B – Outpatient medical insurance Part C – Medicare Advantage health plans Part D – Prescription drug coverage Medicare Part A (Hospital Insurance) Part A is hospital insurance that helps pay for inpatient hospital stays and skilled nursing facilities, hospice care, and some home health care. Individuals age 65 are entitled to premium-free Part A coverage if they worked for at least 10 years (40 quarters) in Social Security and/or Medicare-covered employment. Generally, Part A coverage does not have a monthly premium. Those who do not qualify for premium-free Part A may qualify through a current, former, or deceased spouse. Medicare Part B (Medical Insurance) Part B helps pay for outpatient he
Related Questions
- We submit with another Medicare payer (ie, United Government Services, GHI Medicare) does this migration affect us?
- Why shouldn the government negotiate drug prices for Medicare like the Department of Veterans Affairs does?
- Should smokers be required to carry private health insurance and forfeit medicare/medicaid assistance?
