Medicare is the United States’ federal health insurance program for people who are 65 or older. It is administered by the Centers for Medicare & Medicaid Services (CMS), a division of the U.S. Department of Health and Human Services (HHS).
It is also available for certain people younger than 65 with disabilities or people with End-Stage Renal Disease. There are several parts to Medicare that contain different coverage.
If you’re new to Medicare and would like to enroll in a Medicare Advantage plan, you can do so anytime during your Medicare Initial Enrollment Period. Your Initial Enrollment Period begins 3 months before your 65th birthday, includes your birthday month and ends 3 months after your. 65th birthday. If you do not enroll in a Medicare Advantage plan during your initial enrollment period, you will have another chance to enroll during the Medicare Fall Open Enrollment Period, which runs from October 15 to December 7 each year.
Medicare Part A covers inpatient hospital care limited time in a skilled nursing care facility limited home health care services and hospice care.
Some Medicare Advantage plans (Medicare Part C) offer options to cover basic dental services and major dental services. Approximately.
Medicare Part D is drug coverage that can help lower your current and future drug costs covered by Medicare.
You may need a Medicare Part D plan for prescription drug coverage.
Different health insurance supplement plans (Medicap) pay different amounts of these costs, such as co-payments, co-insurance and deductibles
If you’re new to Medicare, there’s a lot to consider when evaluating your options. For some, you can get Medicare Part A & B automatically, but others will need to sign up through Social Security or SSA.gov. While Original Medicare (Part A and Part B) covers your hospital and medical services, covering all your needs may require a few more decisions:
Most people 65 years of age or older are eligible for Medicare. If you or your spouse are eligible for Social Security payments, you can be automatically enrolled for part of Medicare when you turn 65. For individuals under 65 who receive Social Security Disability Insurance (SSDI) payments, eligibility after a two-year waiting period is common. Anyone with a diagnosis of end-stage renal disease (ESRD) and amyotrophic lateral sclerosis (ALS) become eligible without a waiting period. Medicare Part B is medical insurance.