Medicare Eligibility Requirements

2014 Medicare and Medigap Updates

Information On Medicare Eligibility Requirements

While it comes to medical insurance, particularly for the aged, one tends to think of Medicare. Medicare is the federal funded program that seeks to provide hospital care, medical care, as well as prescription insurance to those covered by the Medicare program. However, it is worth noting that not everyone will meet the Medicare eligibility requirements and these people may not be covered by the program. Thus, it is important that one knows and understands the Medicare eligibility requirements, as well as some of the more common terminology used within the Medicare plans.

As part of the Medicare eligibility requirements, all United States citizens or permanent residents qualify for the program if they have worked in some form of employment that paid the money into the Medicare program for at least 10 years. More importantly, spouses are also eligible for this rule.

Moreover, one has to be aged 65 years or older to meet the Medicare eligibility requirements. However, there is an exception to this rule. If one has been diagnosed with a permanent disability such as permanent renal failure, they may qualify for Medicare even if they have not attained the required age.

While there are certain eligibility requirements that one may have to meet for any Medicare program, each individual plan within the Medicare program has its own associated Medicare eligibility requirements.

Take, Medicare Part A, for instance, which caters to hospital care. One has to have met the main Medicare eligibility requirements required to receive the benefits associated with hospital care, as well as receiving social security or rail road benefits. However, with the Medicare part B program that caters for medical care, one may find that they will have to pay a monthly insurance premium in addition to meeting the eligibility requirements for the Part A program.

When checking to see whether or not you are eligible for a particular Medicare program, it is crucial that you remember not to overlook the Medicare enrollment deadlines. Each program has its own specified deadline for enrollment, after which one will be charged a penalty fee for not enrolling earlier. For instance, the initial enrollment period lasts for seven months after one turns 65. If one fails to sign up for a particular program especially Part B and D (prescription drugs), one will probably end up being charged a higher monthly fee when they decide to sign up later.

As part of the Medicare eligibility requirements, once you have enrolled in a program, you can only make changes within set enrollment periods. The specific date may vary from program to program. However, most changes can be made to any of these programs between November and the end of December of each year.

Unfortunately Medicare does not pay all medical cost and most people require a medicare supplement policy called Medigap to cover unpaid medical expenses.

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