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If you have health insurance, you can receive medical treatment from the best doctors and facilities in the business without worrying about the thousands of dollars it costs. But in as much as health insurance is important and beneficial in several ways like having access to lower prescription costs, more than twenty-eight million people in the country are not insured. It is because of this concern to fund expensive medical treatment and procedures that Medicare comes as a relief to these uninsured individuals, enabling them to access lower prescriptions costs. In this article you are going to learn about Medicare and what you need to qualify for it.
Medicare is a health insurance program but unlike the others, it was initiated by the government and not owned by any company and covers different things. Medicare part A, although not helpful for those who want access to lower prescription costs, it alleviates the stress by paying the medical bill when for your stay in a hospital or nursing home. The most commonly used part of Medicare is B because it covers the costs of regular doctor’s visits as well as medical suppliers one might need.
The third part of Medicare is part C which is available through private insurers and you must be enrolled in parts A and B to enjoy its benefits which do not include lower prescriptions costs. If you require long-term use of medication, you understand the importance of having access to lower prescription costs and Medicare part D helps with that. As you can see, Medicare is just as important as health insurance whether you will benefit from lower prescription costs or not.
If you are an American citizen or permanent resident over the age of sixty-five you are eligible, however, you will enjoy more benefits like not paying premium for Medicare part A if you meet certain qualifications like being a social security beneficiary. Those who are below the age of sixty-five can qualify for Medicare coverage and enjoy its benefits like lower prescription costs provided they meet the qualifications.
Another thing you should know about this type of insurance is the average costs; just like with other types of insurance, the money you will be expected to pay will be determined based on various factors before you can have access to lower prescription costs. Like with most types of insurance, if you have higher income, you can expect to pay a higher premium for Medicare coverage although many people usually don’t have to pay premium for Medicare part A. These are the questions you ask about Medicare coverage to know if you are eligible.
