Medicare is the federal government healthcare program that subsidizes healthcare services for adults over 65. The plan also covers people younger than 65 who qualify through disability and those with certain diseases, including end-stage renal disease and amyotrophic lateral sclerosis (also known as Lou Gehrig’s disease). To qualify for Medicare, an individual must be either a U.S. citizen or a legal permanent resident that has been in the country for at least five continuous years.
Medicare is separated into different parts that cover a variety of medical situations. While Medicare provides beneficiaries with more choices in terms of coverage and costs, it also presents complexity for the people looking to enroll. Here is an overview of how Medicare parts.
How Does Medicare Work?
Medicare is a health insurance program created by the United States federal government. While Medicare is a federal government healthcare program, private health insurance companies can and do play a significant role in providing subsidized health plan coverage.
A Medicare beneficiary can decide to receive their benefits through private health insurance companies, or you can decide to receive Part A and Part B healthcare coverage and enroll in a Medicare Prescription Drug Plan (Part D) with a private health insurance company.
Get Your free Quote
We are not connected with or endorsed by the United States government or the federal Medicare program.