Medicare is an insurance program that can help you cover the cost of everything medical, including prescription medications. There is an enrollment process, and you'll have to qualify. After that, you don't have to worry about insanely expensive medical bills as long as you work with someone in-network. Here are the basics to help you get started.

Medicare Vs. Medicaid

People often use these two types of insurance interchangeably, but they are different. The first type is specifically for individuals over the age of 65, or that have certain disabilities. Often people on supplemental security income for disability often qualify for this type of insurance. Medicaid is for individuals that have a low income or limited resources. A person can qualify for both types of insurance, though, and use Medicaid to cover things like co-pays.

Types of Coverage

There are four parts or types of coverage offered. Part A is often called hospital insurance and covers inpatient care, hospital visits, and home health care. Part B covers doctor visits, wellness checkups, medical equipment, and outpatient care. Part D covers prescriptions and medication. Part C, also called Medicare Advantage, often combines the other three parts for comprehensive coverage for individuals.

Type of Plans

Most beneficiaries will have several plans to ensure their needs are met without paying for coverage they don't want. For example, a person may only be able to choose one part they need. Part C offers more variety, too. As of 2023, there are about 43 Part C plans that enrolled individuals can choose from, according to Kaiser Family Foundation. This ensures comprehensive coverage at a low cost for seniors and disabled individuals.

Part C Coverage

Many beneficiaries opt for part C coverage because it tends to have lower out-of-pocket costs compared to the original plan co-pays. This is something to consider if you don't qualify for Medicaid. However, if you qualify for Medicaid, Medicaid can cover those additional expenses. Part C is also known for providing more benefits, such as dental, vision, and hearing.

Enrolling in a new plan or obtaining coverage can be confusing, so it's best to work with a professional in the field. Check out the rest of our site or contact Ameri Quote Insurance for more information, or if you need assistance choosing a plan.