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You may find yourself asking, What is Medicare? Medicare is the National Health Insurance program for individuals aged 65 and older and those who meet specific eligibility criteria. Medicare consists of four parts. However, additional options are available for those who want higher coverage. Medicare can be confusing if you are not adequately educated. That is where we come in. Below, we review the four parts of Medicare and how they work together to provide healthcare cover

Original Medicare includes Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance). The Government pays for 80% of all Medicare-covered and Medically Necessary procedures, while you, the Medicare Beneficiary, pa for the other 20% of health services not paid for by Medicare. You typically pay for services as you receive them. When you get services, you’ll pay a deductible at the start of each year, and you usually pay 20% of the cost of the Medicare-ap

Original Medicare has always consisted of Two Parts, Medicare Part A and Medicare Part B, since Lyndon Johnson signed it into law. Then, under Bill Clinton, Medicare introduced the third part of Medicare, Medicare Part C. Initially referred to as Medicare Choice at the time, it later became known as Medicare Advantage. Lastly, George W. Bush added the final component of Medicare, Medicare Part D, which covers Prescription Drug plans.