Young doctor holding a tablet while explaining care elderly patient

2 Basics All Parents Need to Know About Medicare

Whether parents want to teach their children about Medicare or they need to be taught about Medicare themselves, it is easy to know that Medicare is a very complicated topic and it isn’t a topic you want to be ill-informed about.

Especially if Medicare is the type of program you are eligible for.

If you are 65 or older and dealing with a health condition or disability, then you are one of the millions of people who are eligible for Medicare, and you need to know about it in order to get the best benefits for your health.

If you understand Medicare, then your parents, children, and the elderly people in your life will be able to make informed decisions about how to choose the best health insurance for their needs, especially if retirement is coming on.

Young doctor holding a tablet while explaining care elderly patient

Basics About Medicare

Here are some of the basic things everyone needs to know about Medicare and what it covers for their health and wellness.

Eligibility and Enrollment

One of the biggest issues for people seeking to get Medicare is dealing with two questions: When can I enroll? And how do I know if I am eligible?

Getting answers to these two questions is going to help you figure out the best way to apply for Medicare, and will also help you understand Medicare as well.

For eligibility, that will typically begin at age 65, because it is a coverage that benefits the majority of the people who use it at a more advanced age.

For enrollment periods, there are three periods that potential patients need to know about.

The Initial Enrollment Period begins three months before a person turns 65, the General Enrollment Period begins from the 1st of January to the 31st of March, and this allows you to enroll in Medicare Parts A and B.

There are also special enrollment periods where you can enroll in Medicare due to certain specific circumstances. It’s important to take the time to research those to see if you are eligible to enroll in those periods as well.

What Does Original Medicare Cover?

There are four parts of Medicare coverage that you can be eligible for depending on what services you need.

Part A covers hospital insurance, Part B covers Medical insurance, Part C covers a Medicare Advantage plan, and Part D covers prescription drug coverage. 

There is also original medicare coverage which simply covers part A and part B. This coverage allows for the Medicare-approved amount of money to be paid, and then you pay your share of the coinsurance and deductibles out of pocket.

Discovering and understanding what each part of Medicare coverage covers and which parts you will need is one of the basics of Medicare.

It’s also one of the best ways to plan for your Medicare use as well, as each and every single Medicare premium has its own costs that you need to know about.

Don’t Be Afraid To Learn All About Medicare

Medicare can be very complicated to learn and extremely difficult to master, especially if you need Medicare for your health and wellness needs.

So don’t be afraid to learn about all the different benefits, disadvantages, and other aspects of your coverage as you apply.

The more information that you have, the less stress you will experience whenever it comes to handling the various problems that crop up for your health.

There are plenty of people and organizations you can talk to in order to make sure that you are picking the best Medicare coverage for you and your needs, so reach out and get all the information you can!