What is Medicare? 🤔 A Brief Overview

What Is Medicare Brief Guide - Medicare is a national health insurance program in the US and now administered by the Centers for Medicare and Medicaid Services.
1️⃣ If you wondering if there are better Medicare plans available
2️⃣ If you worried you don't fully understand your current Medicare plan
3️⃣ If you just plain curious as to what other benefits you could get at no extra cost

What Is Medicare Brief Guide - Medicare is a national health insurance program in the United States, begun in 1965 under the Social Security Administration and now administered by the Centers for Medicare and Medicaid Services.

Hey guys, Lance here. And today I just want to give a brief overview about what is Medicare on today's Medicare q&a. So Medicare, Medicare is a federal health program. It's funded by Social Security and Medicare taxes paid by employees. So when someone is an employee, or as someone who's going to work throughout their working years, they are paying Medicare taxes, specifically to pay for Medicare when they get to the age where they can enroll in Medicare. So this basically provides health insurance for senior citizens who are age 65 and older. It also will cover in health insurance for younger people with disabilities, and people with arterial Lateral Sclerosis or als for short. Also, those with end stage renal disease or kids with people who have kidney failure, they also may qualify for Medicare as well, even if they're under the age of 65. Now, there are four parts to Medicare. There's Part A, this pays for hospital coverages and short term respite care. There's Medicare Part B, and this is your outpatient coverage, things outside the hospitals, doctors, you visit outside the hospital labs, you get therapies, and there's other things as well. But you can think of it as outpatient coverage coverage. And then Medicare Part C. This is the plan that's managed by a private company that adds coverage to what part Parts A and parts B offer. So Parts A and B, you can think of that's those are two parts of Medicare that the government provides for Part C is offered by private, they're contracted with Medicare with the government to be able to provide Medicare coverage, but they are managed by private insurance companies. Whereas again, Parts A and part B is managed by the government. And then Medicare Part D, this covers prescription drugs. And that's what it's known for. So these are the four parts of Medicare. Again, this is just a basic overview. I'll have other details will where I will be going into more detail. And like I always say definitely feel free to leave comments down below with any questions about your situation, or if there's some videos, you would like to watch as well. But it can certainly be helpful to speak to someone. So I certainly understand that if that might be helpful for you as well. So one of the most important things you can do as a Medicare beneficiary is to upgrade your benefits as often as you can, or at least be reevaluating them as often as you can. And it's actually easier than you might think. So with plans and benefits updating year after year. If you're not reviewing your coverage regularly, you could be missing out on some important benefits that are offered by the major providers in your state. For example, oftentimes these providers will compete with each other to try and offer a better benefits. And this can happen on a yearly basis. So if you're wondering if there are better plans available, or worried that you may not fully understand your current Medicare plan, or you're just kind of curious as to what other benefits you could get at no extra cost, well, then you can go ahead and again, call this toll free Medicare hotline number, which is on the screen here. Also, we'll put the phone number down in the description below. And then one of the licensed agents will be happy to answer any questions you might have. And basically help you find the best coverage that's available for you and for your particular situation. But otherwise, thanks so much for your time. Really appreciate you guys watching.

Hopefully this video on what is Medicare was helpful, and I'll look forward to seeing you in the next video.

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[medicareadvisor]

#1 If you wondering if there are better Medicare plans available
#2 If you worried you don't fully understand your current Medicare plan
#3 If you just plain curious as to what other benefits you could get at no extra cost

[truongnguyenhongnhat]

@0:15 sosial security?? Just joking, great video!

[rafaelbueno]

What is Medigap, can you please make a video on that?

[cristobax]

So when I turn 65 will I be covered by medicare automatically??