Health Care & Medical

: 10 Mistakes that Most People Make

Medicare Program and Its Benefit to the American People

Every American employee have the Medicare tax deducted by their employer as required by the law. It helps in that when one becomes eligible for Medicare, he or she will automatically receive this medical insurance. Since its implementation in 1965, Medicare has seen a lot of changes. One thing people need to know is that the Medicare tax is not a yesterday thing as it starts to become effective in 1965 and has all along worked to provide health insurance for those over 65 years of age as well as those determined as disabled.

The Medicare program works in such a way that when you retire or determined to no longer be physically fit to work, it provides you with the health insurance you need. However, this does not mean that you will have to wait and expect that automatically you will be assumed to the program when you have retired as enrollment is needed. It does not stop at that as you will be required to ensure that you remit monthly premiums so as to enjoy the benefits. Another thing is that there is a penalty when you enroll late than it is scheduled hence the need to be time conscious.

When you turn 65 years of age or you have certain disabilities, there is the need to know that you qualify for the medical coverage or what is known as Medicare Part B. There is a Part A which is different from part be and usually attracts its own cost different from those of part B. The time frame that is given for enrollment purposes is usually 7 months. The first 3 months are usually before you turn 65 and the ending the others after you have turned 65. Failure to enroll in that timeframe usually attracts a penalty.

After you have enrolled, there is a Medicare open enrollment that usually begins on a specific day of October and ends on a given day in December. In this time, one gets a chance to choose the Medicare plan that they like. You can decide whether you want a separate Part A, B and D plan which includes drug medication coverage or and an all-inclusive Medicare Advantage Plan.

When you have qualified for Medicare, it is also important to know that you are also eligible to the Medicaid program too. There is a lot of Americans who have taken advantage of this special circumstance that is known as the dual enrollment. Retiring and getting a Medicare cover does not mean that you cannot continue working as the program allows that but with the exemption that you will make a given income as the website states.

There is the need to work closely with an informed person to help you understand Medicare plans before choosing one.