Follow on Google News News By Tag * Medicare * Ohio Medicare * Medicare Ohio * Oh Medicare * Medicare Oh * Ky Medicare * Medicare Ky * Kentucky Medicare * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | What Does Medicare CostThe cost of Medicare depends on several factors such as which parts of Medicare you receive, the number of years that you worked and the money you earned.
By: Tracy Mc Manamon • Which parts of Medicare you receive • Number of years that you worked • The money you earned • Whether you choose a government Medicare plan or one that is offered by a private insurance company approved by Medicare Assessing the Costs Medicare Part A Medicare Part A (http://www.kyfreehealthquotes.com/ Part A is free for those who have worked 10 years in Medicare-covered employment and paid taxes. People who have worked for less than 10 years have to pay a monthly premium for Medicare Part A. Even if you have premium-free Part A, you would have to pay a deductible each time you are hospitalized. The cost would depend on the length of the hospital stay. These deductibles do not work the same way as in a private health insurance plan. Medicare Part B Medicare Part B (http://www.onesourcebenefits.com/ Medicare Part C A Medicare Advantage Plan (like an HMO or PPO) is another Medicare health plan option. They include HMOs and PPOs offered by private companies approved by Medicare. Medicare Part C covers Part A and Part B of Medicare. They also offer additional benefits such as vision, hearing, dental, and/or health and wellness programs, and usually offer Medicare prescription drug coverage (Part D) as well. With a Medicare Advantage plan, you pay a premium for Part B and also a monthly premium for the services included. Out-of-pocket costs could also vary with each Medicare Advantage Plan. Medicare Part D Medicare Part D is prescription drug coverage. This is not available through the federal government and has to be purchased from a private insurance company. When it comes to buying Part D coverage, the best option is the study different plans, compare their costs and buy a plan based on the prescription drugs you need. You have to enroll in a Medicare drug plan when you first become eligible for Medicare, or else you could be subject to a premium penalty. Choosing an Affordable and Reliable Option Thus, looking at the overall picture, it is clear that there are two basic components in Medicare costs: • Set Medicare Costs • Variable Medicare Costs Medicare Part A is premium-free, though there would be a deductible for hospital stays. You have to pay a monthly premium for Medicare Parts B and D. It is advisable to have supplemental insurance to cover the services that are not covered by traditional Medicare. For instance, a good financial back-up plan would be needed to cover multiple hospital stays. Research well or spend tome to talk to someone who is knowledgeable and experience to understand all about Medicare costs. ------------------------------------------------------ Contact Information: Tracy Mc Manamon One Source Benefits 616 Belleview Blvd Steubenville OH 43952 Phone: (877) 549 1212 onesourcebenefitsoh@ http://www.onesourcebenefits.com # # # Welcome to the most comprehensive Ohio Health Insurance website on the web! Here we will seek to educate you on Ohio Health Insurance Plans for yourself, your family or your business. End
Account Email Address Disclaimer Report Abuse
|
|