Medicare Program and Its Benefit to the American People
Medicare tax is a federal tax which is automatically deducted to every employee by their employer. 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. However, it remained true to its foundation which is to provide health insurance for the elderly and those with certain disabilities.
The basis of this cover is to ensure that once you retire or concluded to be physically unable to work have access to medical services. 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. Additionally, you will be penalized if you do not enroll within the given timeframe or follow the given rules.
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. It is important to know that the Medicare Part A is different from Part Band has its own coverage and premiums although the qualifications are similar. 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. Failing to enroll for Part B during this time makes you a subject to late enrollment penalty the time you enroll.
After the initial enrollment, usually, there is the annual Medicare Enrollment that begins in October and ends in December on specific dates. In this time, one gets a chance to choose the Medicare plan that they like. In such a time you will get to know if you need a separate plan D or A And D which you will learn about them.
Another important thing you need to know is that you can both have Medicaid and Medicare at the same time. If you want to add on to your Medicare advantage joining the dual enrollment program as it is known will mean more health benefit for you. Also, you need to understand that you can get Medicare and continue to work as long as you meet a certain income.
If you happen to qualify for Medicare coverage, it is important to speak to a qualified representative to help you get a better understanding of the plan that suits you.