Medicare Part A and B Coverage

2014 Medicare and Medigap Updates

Medicare Part A and B Coverage Plans

One of the foremost concerns in the United States revolves around assistance with health care. It is quite common to find individuals who are incapable of handling the overwhelming health care bills that they are faced with due to medical emergencies. Often, you will find that the majority of these individuals are composed of seniors. As there is often no common ground between health and finances, these individuals are left with some tough choices to make. Fortunately, the Medicare program sponsored by the United States government caters for most of the medical services that these individuals may need.

The Medicare program is notably the largest health insurance program in the country. It is estimated that over 40 million Americans participate in the Medicare program. To be eligible for the Medicare program, one has to meet certain requirements: one is that they have to be 65 years old or older.

However, one may be under 65 and still qualify for Medicare if they have certain disabilities or terminal illnesses such as End Stage Renal disease. If you are eligible for Medicare, you may choose a Medicare plan that is best suited for your needs. There are four types of Medicare coverage plans, Part A, B, C and D. In this article, we shall focus mainly on Medicare Part A and B Coverage plans.

Part A of the Medicare Part A and B coverage plans deals with hospital insurance. This coverage plan covers inpatient care such as services offered in skilled nursing facilities, hospitals as well as critical access hospitals. It should also be noted that hospice care is also covered in Part A of Medicare Part A and B coverage plans. One notable point to note with Part A coverage is that you will not be required to pay a premium for this insurance coverage.

More specifically, Part A coverage covers blood transfusions as well as basic home health care services. However, the services covered are only limited to medically necessary services and skilled part-time care. More importantly, Part A only offers nursing home coverage for a limited time period of 100 days whereby the first twenty days are paid in full and the last eighty days are paid in co-payment.

Part B of the Medicare Part A and B coverage plans deals with medical insurance required for medically necessary services and supplies. This part of the coverage plans notably covers certain areas such as outpatient care, doctor’s services as well as additional home health care. In order to receive this coverage, an individual will have to pay a certain premium. Laboratory tests and screenings are also included in the Part B coverage plan as are diabetic supplies

Though the Medicare program is great for seniors, it still only pays around 80% of health medical bills. For this reason many choose to have a Medigap plan, which is a Medicare supplement plan, to protect them from a long term illness.

Though this article on Medicare part A and B coverage has been general, we do have more information in other articles and we do try to update so bookmark us for future use.