Insurance coverage for your medical expenses can greatly decrease your healthcare costs, and we’re going to discuss one of the better healthcare insurance plans out there. Medicare insurance in 2019 is issued by a government organization and provided to most seniors with few restrictions once they reach age 65.
We want to show you what the base plan offers and how you can add onto the coverage plan with more coverage if you need it. Hopefully, this information will enable you to make a smart decision and choose the most appropriate coverage for you.
The Basic Medicare Plan for 2019
There are lots of different Medicare plans for 2019, but only one “base” plan, and it is called Original Medicare. This plan offers quite a bit of coverage, and it doesn’t vary from one location to the next. A lot of medical coverage plans, even Medicare-type plans, will be different depending on who you buy it from and where you buy the plan. Original Medicare, however, is the same everywhere. That’s because Medicare sells it directly and does not simply regulate it for another insurance provider.
The plan’s coverage may suffer some restrictions from one state to the next, because the definition of what is medically necessary in certain situations may change. However, the base coverage is still there; it may simply not apply in some situations.
Let’s look now at what that base coverage entails. You can get covered for a lot of your hospital and doctor’s office expenses. These are common costs you would be racking up throughout the year, and you may have trouble paying for them on your own or with another type of insurance plan. Medicare is specifically designed to cater to seniors and their healthcare needs, and it does so at a reasonable price.
The coverage includes expenses like x-rays, nursing care, hospice care, ambulance services, mental health treatment, prescription drugs, in-hospital costs and much more. The plan should cover you in pretty much the same way no matter what your medical condition is like or what your medical history is. These are not factors that will alter how much coverage you receive. How much you pay for Medicare doesn’t change how much it covers you either. Some people get a better deal on it because of how long they worked or because of their health conditions or finances but the price doesn’t alter the coverage in any way.
Original Medicare covers what are known as Medicare parts A and B, and these parts make up the core Medicare coverage. You can add onto that basic plan, though, and we’ll show you how you can do that.
Additional Coverage Options
If the base plan falls a bit short for you and leaves you too much to pay for yourself, then you can just add some coverage onto it. The most comprehensive coverage you can add is that of the Advantage plan, or Medicare Part C. This is sold by private insurance providers, and it covers all of Original Medicare and more. The basic Advantage plan will cover your urgently needed medical care costs as well as your emergency care costs. However, lots of insurance companies have added more coverage onto that base Advantage plan. The most common additions are for prescription drug coverage and for checkups and medical apparatus.
Part D of Medicare is another Medicare insurance add-on plan that works very well with Original Medicare. It is sometimes included in Advantage plans, but it can also be sold by itself. Similarly, to Advantage plans, it is sold privately and not by Medicare, though Medicare still oversees and regulates the plan. Part D covers you for prescription drug costs.
Supplement plans are another form of add-on coverage, and they attach to Original Medicare and provide coverage for fairly common medical expenses like blood usage, nursing care, hospice care, deductibles and copayments.
How to Get Medicare’s Coverage
Medicare is not hard to sign up for, and it’s simple to be approved for the plan as well. The only real requirement you have to meet is that you are 65 years old. Even that requirement has some exceptions. If you have certain medical conditions, namely a disability or end stage renal disease, then you qualify for early Medicare.
You can apply for Medicare through the organization’s website. Once you apply (which only takes a few minutes), then you should get a Medicare ID card in email in a few weeks. If there is some sort of problem with your application, Medicare will let you know, and most of the people who do get rejected for Medicare can simply apply again later when they become eligible.
When to Apply
You won’t be able to sign up for Medicare whenever you like, though. We mentioned already that you need to be 65 in most cases to apply and expect approval. However, you can’t just apply anytime you want after you turn 65. There are specific times set aside for application, and this makes sure that Medicare knows when to expect applications, and it also make certain that plans go into effect at the right time.
The best time to enroll is right around your 65th birthday. You don’t have to wait until you turn 65. You can apply up to three months before, and that window extends to three months after as well. You can apply anytime in there. Otherwise you would have to wait for general enrollment, which starts at the beginning of the year. This period goes until March 31st, and if you sign up in this period, then you will be able to enjoy coverage as soon as July of that same year.
Now that you know as bit more about Medicare insurance, hopefully you will be able to make the right choices and get the plan that fits you well. Even those who aren’t covered enough by Original Medicare have some options to help them get addition coverage, as we talked about here. So, you should be able to find a suitable Medicare Insurance in 2019 that meets your coverage needs.