Case Study: My Experience With

Medicare Program and Its Benefit to the American People

Every American employee have the Medicare tax deducted by their employer as required by the law. However, there are people who have no idea of how this Medicare tax is of importance. It is important therefore to understand that Medicare tax works to provide health insurance for the aged who qualify for the same. Though there has been a lot of evolution as far as Medicare coverage it’s concerned, it has remained true to its foundation which is to provide insurance to the old and those with certain disabilities.

The Medicare program works in such a way that when you retire or determined to no longer be physically fit to work, it provides you with the health insurance you need. There is the need to know that one is needed to enroll for this program as it is not automatic. It does not stop at that as you will be required to ensure that you remit monthly premiums so as to enjoy the benefits. Another thing is that there is a penalty when you enroll late than it is scheduled hence the need to be time conscious.

It is crucial to know that when you have retired or be determined disabled, you first qualify for Medicare Part B or the medical coverage. It is important to know that the Medicare Part A is different from Part Band has its own coverage and premiums although the qualifications are similar. When you are enrolling for the first time, there is usually a seven month period given to do so. With the first part, you need to start enrolling 3 months before you are sixty-five and the next three when you have already retired. However, it is important to know that when you enroll later than these dates you get a late enrollment penalty when you do so.

After the initial enrollment, usually, there is the annual Medicare Enrollment that begins in October and ends in December on specific dates. In this time, one gets a chance to choose the Medicare plan that they like. In such a time you will get to know if you need a separate plan D or A And D which you will learn about them.

When you have qualified for Medicare, it is also important to know that you are also eligible to the Medicaid program too. There is a lot of Americans who have taken advantage of this special circumstance that is known as the dual enrollment. The other thing that you need to understand is that you can retire, get the Medicare coverage and still work so long as you make up to a given income.

Getting a knowledgeable representative is advisable before you make a decision to choose a plan.