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Medicare at a Glance.

Medicare insurance is a federal insurance program to a certain category of individuals. Medicare is provided to people who are 65 years and above, done cases of younger people who are disabled, people who suffer permanent kidney failure and in some cases people who have worked full-time for more than 10 years.

Usually Medicare is categorized into two parts, as explained below.

Part A Medicare.
When it comes to Medicare, the it usually depends on several factors which are the following the federal and state laws, local decision to cover a certain person made by every insurance company in each state that have Medicare insurance program and national coverage decision made by Medicare on what should be included on the cover and what not to include.
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The following are the parts that are covered by Medicare insurance program;
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Inpatients; covering the days you will stay in the hospital.
Medical Care from a skilled nursing hospital.
Hospice care.
Though not all, but home healthcare is also covered under Medicare.

Therefore it is important for you to understand this part well do you can understand what is required of you.

Part B

There is a set rate by the Congress to be paid in Medicare part B. Your monthly premium for Part B keeps in increasing with a certain percentage each year if you don’t sign up for it on time. By a certain percentage, the premium for Medicare increases in each year if you don’t sign up on time.

In Medicare part B plan, there is a penalty if you are late for enrollment. With the Medicare part B, it covers the doctor’s charges, the preventive services, outpatient services and the medical supplies.

Part C of Medicare.

Also referred as advantage plus plan, part C of Medicare is usually offered by private companies who work together with Medicare to provide you with the benefits of part A and part B. When you are covered in part C, the Medicare services are not paid by the initial Medicare but in the plan. itself The following are what covered in Medicare Advantage plan; health maintenance organizations, Medicare medical savings account plans, preferred provider Organizations, special needs plans and private fee for service provider.

Part D.

This part of Medicare adds the drugs prescribed to you by your doctor to the original Medicare, to Medicare medical savings, to specific Medicare cost plans and to certain Medicare private fee for services plans

Bottom Line.
Medicare plans are very important to those who are eligible for them, therefore take the step and enroll to enjoy all the benefits.