Just deciding which way to go when choosing from the combination of different types of healthcare coverage is confusing for many people eligible for Medicare. For most people, having choices is a very good thing. But what about when you have thousands of plans to choose from? What about the deductibles?
Choosing the Right Program For You
When it comes to Medicare, you have nothing but choices. Depending upon your circumstances, you may want to stay with the traditional program, or Medicare Parts A and B. If you choose this path, you’ll probably want to get a Part D (prescription drug) plan, too, to ensure your medications are covered. Or, you might be more interested in an Advantage plan, which can combine the traditional program with drug coverage and other benefits. You also may be interested in even more coverage, such as that offered through a Medigap (supplemental) plan. Get your health insurance Florida today.
Traditional Medicare and Its Deductibles
Medicare Parts A and B, also known as traditional or original Medicare, have been around since 1965. Medicare Part A is free to most people who’ve worked and paid Medicare taxes for at least 10 years and provides people with inpatient hospital coverage. Medicare Part B, which costs most people $96.40 in 2009, covers outpatient medical expenses.
People who have traditional Medicare can see any doctor they want in any facility they want without a referral, as long as that doctor or facility accepts Medicare patients. But traditional Medicare’s benefits are limited.
For Medicare Part A, you pay a deductible for staying a night in the hospital or using other Part A services. For Medicare Part B, you pay a deductible of $147 each year.
Not only does traditional Medicare not cover most outpatient prescription drugs, if a beneficiary uses their coverage frequently enough, it can get very costly. That’s why there are also the Medicare Advantage and Medicare Part D plans available. If you have Medicare eligibility, you are also eligible for these programs. It is important to remember that you can’t apply for Medicare Advantage or Part D if you don’t have the traditional Medicare.