2014 Medicare and Medigap Updates
Given the importance of having the right medical insurance to serve one’s health needs, it is only proper that everyone should have access to the right Medicare advice that will maximize the benefits afforded by Medicare. Many people often settle for what they know about their medical insurance without extending any effort to find out more about what they can get from any specific plan. Having access to the best Medicare advice can help policy owners gain a deeper appreciation of the value and power of Medicare so everyone can take advantage of the program.
There are two basic questions that patients have about Medicare and this is where the most basic Medicare advice comes in handy.
Cost. For some people, enrolling to Part A and Part B Medicare is actually free of charge. People who are entitled to claim benefits from Social Security or the Railroad Retirement Board are actually already eligible for Part A and Part B coverage. Those who are also under 65 but are categorized as disabled also have access to free Part A and Part B benefits.
For those who do not qualify to these eligibility restrictions, signing up to Part A and Part B Medicare requires payment of a premium on Part B. The law now specifies that premium costs depend on one’s family income. On average, a prospective policy holder who plans to sign up to Part B coverage will expect to pay about $1500 per year to get full Part B Medicare benefits.
To get the best Medicare advice in this regard, one can consult the Medicare Handbook published on an annual basis by the US Department of Health and Human Services. It is also possible to talk to a Medicare representative by calling the number 1-800-MEDICARE (1-800-633-4227) or Social Security at 1-800-772-1213 to verify your eligibility specific to your case.
Coverage. This can be tricky because Medicare has various options which are duly covered but aren’t well known to many policy holders. For example, Medicare has specific provisions that apply to diabetes coverage, mental health, end-stage renal disease and many other specific illnesses. Extensively enumerating the finer points of these specific cases will require a very long post. However, the U.S. Department of Health and Human Services also issues handbooks that provide helpful Medicare advice on these cases. Getting copies of these handbooks, electronically or otherwise, can be tremendously helpful for those who have questions about how benefits and coverage in this regard is administered. Calling the numbers specified above will also help address some of the more case-specific questions that may arise in certain cases.
“Not knowing” about certain Medicare benefits is no excuse towards not being able to take advantage of Medicare as a program for the people. Medicare was implemented to make sure those who need care get the coverage that they deserve. As such, Medicare advice holds a prime importance for everyone who have yet to understand the specifics of Medicare. In this regard, one can truly benefit from all the finer points of their policy, allowing them to rest easy knowing their medical needs are duly covered by Medicare.
Once a retiree knows what to expect from Medicare, then they are more able to decide if they need a Medicare supplement, or Medigap policy as it is called. Since plan A and B only cover around 80% of medical costs, a Medicare supplement policy is usually warranted.