Medicare is a government sponsored healthcare that was made for disabled persons and senior citizens. This specific type of coverage was first created in the year of 1965, and was designed to thoroughly provide medical coverages to those who are on Social Security. It is often confused with Medicaids, which is created to help provide medical care to those suffering from poverty. But they are not the same type of coverage whatsoever. Medicare works similar to health insurance, but instead, the government will be the one to reimburse doctors as well as hospitals, and not private insurance companies. This coverage however is not accessible to everyone. Not everyone can be accepted for Medicare insurance, but it is important to learn whether you may be entitled and eligible to get this coverage or not.
Who Is Medicare For?
In order to become eligible to get Medicare, you must be at least 65 years old. However, if you are not 65, you can still get this coverage by being medically disabled or have any permanent kidney failures that require dialysis and transplants. Medicare health insurance was made for elderly and those who are disabled, and so if you or any of your loved ones can access this type of coverage, it is vital to take advantage of it as soon as possible.
The Importance Of Medicare For Elderly Parents
Without any form or coverage of health insurance, your personal assets and finances are at great risk of disappearing the moment you ever encounter a fatal illness. For individuals with medical conditions and senior citizens, they can be fully covered by the federal government administers through Medicare program using their Social Security Administration number. Medicare offers prescription drugs, hospital care, and home health care services at minimal or even no costs to the recipient.
If your parents or other loved ones are entitled to Medicare coverage, you should take advantage of it soon so that you can stay away from paying huge medical expenses.