Most Common Medicare Myths that You Must Stop Believing
When people get near to their retiring age, they know that their health insurance will be covered by Medicare since it is for those who are 65-years-old and up, as well as those with disabilities and permanent kidney failure. However, that is usually the only thing that people know about it. There are tons of myths and misconceptions about Medicare that when they finally use it, a lot of the, would wonder why certain things cannot be covered. Here are some of the most important things you must know about as well as the most common myths people have about Medicare.
Medicare: What You Need To Know
There are four different parts of Medicare and the first one is Part A, which is more commonly known as the original Medicare. It is the kind of insurance plans that cover the hospital bills as well as all the services that include the nursing facilities, wheelchairs, and other hospital care.
Part A may even cover healthcare services at home as well as a blood transfusion. With the skilled nursing facility, however, is something that can be covered only if you are an impatient or someone who has been ordered by their doctor to be admitted to the hospital. This is usually the most expensive Medicare Part since it covers more services. Part B is known to be more for the outpatient since it covers doctor services, preventive healthcare, and all the doctor visits as well as the tests and other services. If you must be admitted, then it will be covered by Part A.
Part C, on the other hand, is somewhat an additional coverage that you may add to your Part A and B. That is because this will cover almost everything that Part and B don’t cover, so unless you are enrolled with the previous two parts then you’re not eligible for this one. Finally, Part D is for the drugs that are not covered by Part B, these are usually all the medications that are administered he physicians such as injections.
Keep in mind that there will always be additional costs since everything will depend on your income as well as the services you need. Nothing is absolutely free which is why health is considered as wealth.
One of the most common myths that people believe on Medicare is that once they turn the age of 65, they will automatically be covered. However, this is just one of those myths that needs to be busted quickly. That is because not every senior citizen is covered by Medicare unless they sign up for it. Some of them get their Medicare card in the mail three months before their turn 65, but those who don’t get the, must sign up for it.
They also cannot simply sign up anytime, they must be eligible so that means they must have worked for more than 10 years and must enroll while the Initial Enrollment Period is going on, which is literally just three months after they turn the age of 65. There is also an Open Enrollment Period for those who missed the chance and may renew, change, or enroll to the healthcare program and other plans. However, they’re might be higher fees that you must pay since you didn’t do it when you’re a supposed to.
This goes to another myth that has got to be the most common one of all, and that is the idea that Medicare is absolutely free. What most people think is that the government gives senior citizens this free medical healthcare since they have paid their taxes for years. What they don’t know is that even if Medicare is actually a tax-funded trust fund, people who are covered by this insurance are still obligated to pay for the monthly premiums and well as the prescription drugs they need depending on the plan that they are in.
Finally, a lot of people think that Medicare and Medicaid are literally the same thing. The truth is that they are two different health programs, Medicare is for people who are over the age of 65 that worked for 10 years and paid for their social security, while Medicaid is basically an insurance program that provides help for low-income people no matter how hold they may be. There are some people who are eligible for both but they must apply for each program separately.
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