Medicare is health insurance that is funded by the Social Security Administration. This health insurance is available to people who are over the age of 65 or people who are under the age of 65 but qualify for Social Security Disability benefits. The following article discusses receiving medicare and disability benefits simultaneously.
The Medicare program consists of four different parts including Medicare Part A, Medicare Part B, Medicare Part C and Medicare Part D.
Medicare Part A is hospital insurance. This insurance coverage helps pay for inpatient care in hospitals and skilled nursing facilities as well as hospice care and home health care. In most cases people who receive Medicare Part A do not have to pay a premium for the coverage.
Medicare Part B is medical insurance. This part of Medicare pays for doctor’s services, outpatient care, home health care and even some medical equipment. Some preventative services are also covered by Medicare Part B. Most individuals who wish to receive Medicare Part B must pay a premium in order to receive the coverage.
Medicare Part C is what is referred to as Medicare Advantage. This Medicare coverage offers health plan options that are run by private insurance companies that have been approved by Medicare. People who are covered by Medicare Part C are normally entitled to the same coverage as those who are covered by Medicare Parts A and B and most Medicare Part C plans also provide prescription drug coverage as well.
Medicare Part D is prescription drug coverage. There are a variety of Medicare Part D plans available, with each plan being run by a private insurance company that has been approved by Medicare. People who wish to receive Part D coverage under Medicare will have to pay a premium for the coverage. The cost of this coverage will vary depending on the plan chosen and the benefits provided.