Medicare: Is It Becoming More Complicated?

Presently, quite a few individuals who are considering Medicare Part B are feeling insecure in regards to the enrollment process. These folks are requesting the government to assist them in understanding when & how they must enroll in Medicare.


If a person gets one thing wrong during the enrollment process, they’ll most likely be paying expensive penalties in order to cover the gaps in their health coverage. Lately, a bipartisan bill was introduced by the Congress for the second time which might help in simplifying the enrollment procedure of Medicare Part B by offering the required info to the person and reduce the gaps within Medicare during the period of enrollment.


Those who’re receiving Social Security benefits will be instantly enrolled in Medicare Part B but, since the majority of the Americans tend to work overtime, delaying benefits & retirement, most of them are now paying a much higher amount as a premium without getting the required care.


As of now, there are 2 Medical insurance policies that are being sponsored by the Federal Government:


  1. Medicaid
  2. Medicare


Medicare is further divided into 4 parts, each one having its own benefits.


Medicare Part A


In Part A, Medicare covers semi private rooms, hospital food, and different tests as long as a person is admitted as an inpatient. Also, the person can stay as inpatient for no more than 3 months. In this, the first 2 months is entirely paid by Medicare whereas the last 30 days need to be co-paid.


If any person is admitted again after 30-days, the hospital may be penalized by Medicare for re-admission. In addition to the initial payments for a hospital stay, Medicare will also charge an extra 4-18 times the initial fee.


Medicare Part B


Part B pays for outpatient people. Part B although is optional & you can only use it if you or your partner isn’t working or if your employer does not offer any health coverage. Also, you may be charged a 10 percent lifetime penalty in case you do not get yourself enrolled.


Part B pays for certain illnesses along with outpatient medical procedures.


Part C also known as Medicare Advantage PlanĀ


Typically, Plan C Advantage Plan needs you to have a primary care doctor. Also, you are required to pay monthly premium along with other payments in Medicare Part B premium for covering things which aren’t featured in the first two parts of Medicare.


Part D


Part D mainly pays for self-administered medications & any person who is enrolled in either of the first two parts is eligible for this plan.