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Here in America we are lucky to have a national health insurance program for people over age 65. Not every nation has such a program. It hasn’t always been around here in the U.S. either. Prior to 1965, there were very few options for health insurance for seniors. Many people relied on friends, family and charity to help them pay for their medical costs after they retired. Others would continue working well past age 70 to try to keep their employer health insurance.
Today Medicare covers over 56 million people. There are over 800,000 providers nationwide. While Original Medicare covers the bulk of your medical expenses, there are also supplemental policies that you can purchase to help you pay for your deductibles, coinsurance and copays. The most comprehensive plan currently on the market is Medigap Plan F.
In 2006, Medicare also added the Part D program which has helped to reduce the costs of our patient prescription medications for millions of beneficiaries.
Despite all of the communications from Social Security, many individuals still find Medicare confusing. They also don’t always know their options, their enrollment periods and some of the rules that affect them. In this infographic, we’ve communicated some of the most important things you should know about Medicare.
Do you need help with learning about Medicare? If so, contact us at 1-855-732-9055 for free help from our team of Medicare experts. We are licensed in 47 states and ready to help you.