Medicare is a federal healthcare insurance program for American citizens and legal residents who are sixty-five years and above. One of the most inherent advantages of Medicare is that people who are already suffering from a pre-existing medical condition are eligible under this government-sponsored healthcare insurance program. This is in sharp contrast to many private healthcare insurance programs that prohibit people suffering from pre-medical conditions from applying under their healthcare insurance schemes.
State Mutual Insurance Company is a prominent Legal Reserve Mutual Insurer, with its headquarters at Rome, Georgia that provides with clients with unique Medicare products at competitive prices. Moreover, this is the only private healthcare insurance company whose ownership and management is in the hands of its policyholders. It’s CEO, President and Chief Executive Officer Dee Yancey says that thousands of people have benefitted from this Company.
Whenever an individual becomes eligible to apply for Medicare, he/she receives an enrollment form by post. Under normal conditions, an applicant receives this form a few months before he/she attains the age of sixty-five years. The applicant simply has to fill in the form and post it to the concerned medical authorities to become automatically eligible for Medicare benefits.
Unfortunately, most people in America find Medicare, like other federal and state government-sponsored healthcare and welfare programs, difficult to understand, as it is more complex than it needs to be. This is the reason why it is imperative for an individual applying for Medicare benefits says Dee Yancey to understand its intricate details to able to take full advantage of this healthcare scheme.
First, an individual eligible to claim benefits under Medicare need to understands that there is a difference between two inherent parts of Medicare, Part A and Part B. Part A essential provides coverage for inpatient hospital care and in certain cases healthcare treatment at home in a nursing home facility or hospice. As long as the individual applying for Medicare has been in full-time employment for last ten years or more and has paid his/her taxes during the relevant period, Part A benefits are usually free for such an individual. Moreover, the spouse of the individual is also eligible to the benefits of Part A on the condition that he/she has also been in employment for ten years.
On the other hand, Medicare Part B provides an individual coverage for doctors’ remunerations, outpatient medical and surgical procedures along with diagnostic tests. While Medicare Part B is optional, an individual automatically enrolls in Part B as soon as he/she becomes eligible for Medicare unless he/she voluntarily opts out from the beginning.
As Medicare does not provide full healthcare coverage, many people also buy healthcare insurance schemes from private healthcare insurance companies. They do this, to get insurance coverage for certain medical expenses that Medicare does not cover.
An individual can take full advantage of the benefits that Medicare provide in many of ways and buy a viable healthcare insurance scheme from a private insurance company to get additional coverage. However, whether or not an individual opts for Medicare Part B, it is essential for such a person to understand his/her medical needs and the type of healthcare insurance policy that caters to those needs.
For more information about the benefits of Medicare, do not hesitate to contact the experts at State Mutual Insurance Company today!