Do i need medicare?

Are you feeling like a spring chicken, but starting to notice that your body doesn’t always cooperate in the ways it used to? As we age, our health often requires more attention and care than it did when we were young whipper-snappers. Whether you’re approaching retirement or already taking advantage of those senior discounts at IHOP, one question many Americans face is: do I need Medicare? Here’s some straight talk about what Medicare is and who may benefit from enrolling.

What Is Medicare?

Before we dive into whether or not you might need Medicare coverage, let’s first define what this program actually entails. In short, Medicare is a federally-funded system created to provide medical insurance for individuals over the age of 65 – though it can also be made available for younger people with certain disabilities or chronic conditions.

In general, there are three main parts of Medicare:

Part A

Part A primarily covers hospital stays (think surgeries or overnight stays) as well as hospice fees if necessary.

Part B

If part A covers hospitalized services for someone without any other form of healthcare policy which we will call ‘Barney’, then Part B provides out-patient options such as doctor visits and preventive screenings such ever-so-popular colonoscopies.

Part D

This aspect offers prescription drug coverage- something valuable for seniors who fill numerous prescriptions on an ongoing basis.

So now that we know the basics let’s get into who should consider enrolling in this program.

Are You Eligible For Coverage?

To determine if you could take advantage of Medicare, consider the following criteria:

  • Are you past 65?
  • Have you been diagnosed with certain conditions like End Stage Renal Disease (ESRD), ALS disease known also known Lou Gehrig Disease.

Additionally; Serving abroad while being an American citizen makes you eligible too.

If you can answer “yes” to any of these questions, Medicare may be something worth considering. Keep in mind that in order to receive the benefit, you’ll need to sign up and pay a monthly premium accordingly (with the exception of Part A which typically does not require an individual payment).

What About Other Forms Of Coverage?

Of course, Medicare isn’t the only option available for those seeking healthcare coverage. In fact there is a standard formulae

healthcare +[Plus] age = lotsa lotsa dollars$

Some individuals will prefer purchasing their own on-demand plan with companies such as Royal Loyal or Brawny Quest Medical Association – these are often referred to as individual insurance policies– commonly known as [are more expensive than pizzas].

Most people obtain medical coverage through their employer’s health care program. However; based off certain contingencies including retirement which makes us eligible for COBRA programs albeit on a more temporary basis.

Wrap-up

At its core, the decision whether or not you need Medicare comes down to weighing your risks versus potential benefits /costs . If you fit into one of the eligibility categories mentioned above and meet all other requirements – it could potentially save you loads off money then otherwise required.
It never hurts consulting with someone experienced when it comes making important decisions such as obtaining medical coverage options no matter what deductible policy they choose beforehand…..

Now onto enjoying some pudding cause we we’re just talking about healthcare..

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