Medicare can be a complex thing to understand, with so many different options. When can I qualify for medicare? What is the difference between part A and part B? Which one do I qualify for? All of these questions can come across your mind, so Alexander Financial wants to break it down and make it easy to understand.
Medicare is a federal health insurance plan for those who are over 65, and those under 65 with certain disabilities. Besides age, you are eligible for Medicare if you receive Social Security or Railroad Retirement Board benefits.
Medicare Part A covers hospital inpatient care, home health care services and hospice care for those who are terminally ill. There are some limits that come with Part A which include, 90 hospital care and inpatient mental care days per benefit period, and skilled nursing care is limited to 100 days per benefit period.
Medicare Part B covers doctor visits, medical equipment, speech, occupational and physical therapy. Medicare Part A and B are generally considered “Original Medicare” and are managed by the federal government. If you currently receive Social Security benefits you are automatically enrolled in Medicare once you turn 65.
Both Medicare A and B do not cover all medical costs. It is important to have some other insurance so you can cover all of the out-of-pocket expenses. Hearing aids, long-term care, vision and dental care are not covered by Medicare. There are options to add on to your Medicare plan to get more coverage. Medicare Plan C offers all of the A and B benefits plus wellness programs, hearing and vision services. Medicare D covers the cost of prescription drugs.
North Carolina has a wide range of Medicare plans available. Alexander Financial is here to discuss all of your options and find the best plan for your needs. We can help you get enrolled, so give us a call and schedule an appointment to get started today!
