For many people the different aspects of Medicare are hard to understand and with several different plans it is not surprising. Fortunately, for those, people there is the website www.medicaresuppplans.com which is a website which breaks all the different plans down into easy to understand pieces, allowing anyone to more easily understand the meaning and benefits of each.
Medical care is obviously important for all of us and the better care each of us can get the better however, in this modern world of financial woes many of us cannot afford the best possible care available and so we have to decide how much we can afford and then get the best possible medical care we can for that amount.
Part A of the Medicare plan is what most people understand and receive after they reach the age of 65 as this is the part which is free of cost providing you have worked a minimum of 10 years. The problem is though that this only covers certain things and certain amount, despite you being over 65 years of age and having worked most of your adult life. The specifics of what Part A cover can be found on the website above but basically covers a certain number of days in hospital with all or at least most of the costs associated with a stay in hospital.
If you remain in hospital for a longer period than part A allows for, you will have to pay for that extended period, initially a set amount per day which increases after another set period and eventually, if your stay extends past 150 consecutive days, you will have to pay all the costs.
There are however insurance plans that can reduce these costs for extended hospital stays and perhaps some to eliminate them entirely and explanations as to the cost and what each of the different insurance options cover, are set out on the website so you can make a decision as to whether they would be beneficial to you, in the knowledge that you fully understand the advantages and disadvantages of each of them.
Part B is the part of Medicare that covers a doctor’s visits to yourhome whilst Part C is in fact something that can be signed up for with an insurance company rather than signing up with social security for Part A.
As this is insurance, different policies may vary in what exactly they cover but the main point is that the insurance plan is to some extent, subsidized by social security as you will have no claims to Part A Medicare costs. Part D is a voluntary aspect which people can sign up for if they choose and the main benefit of this part is that many prescription drugs can be bought at affordable prices, if you do sign on.
As each of these parts has limits as to what they cover, insurance companies clamour to sell you policies that will fill any gaps or excesses.