Medicare
What is Medicare?
Medicare is a health insurance program provided by the U.S. government for individuals who are 65 years old or older, or for those with certain disabilities.
Why is Medicare needed?
As people age, the likelihood of health problems increases.
The costs of visiting hospitals or taking medications also rise.
Medicare helps reduce these medical expenses.
What are the disadvantages of not enrolling in Medicare?
If you do not enroll within the designated period and sign up later, you may have to pay a late enrollment penalty.
For more details, please contact us. Free consultation
Components of Medicare
Part A (Hospital Insurance)
Key Benefits
Inpatient care, skilled nursing facility care, home health services, and more.
Features
Most people receive Part A benefits without paying a monthly premium.
Coverage
Focuses on hospital care, and does not cover doctor's visits or prescription medications separately.
Part B (Medical Insurance)
Key Benefits
Doctor visits, outpatient surgery, medical equipment rentals, and more.
Features
Requires a monthly premium payment.
Coverage
Focuses on medical services received outside of the hospital and provides basic medical coverage in conjunction with Part A.
Part D (Prescription Drug Coverage)
Key Benefits
Covers prescription drug costs.
Features
Requires separate enrollment, with monthly premiums and out-of-pocket costs.
Coverage
Provides access to various prescription drugs at discounted prices.
Part C (Medicare Advantage)
Key Benefits
Includes benefits from both Part A and Part B, and offers additional benefits (e.g., prescription drugs, vision exams) through a private insurance plan.
Features
Typically requires using network providers and may have a monthly premium.
Coverage
Provides various additional benefits and a convenient management system.
