The is no shortage of questions when it comes to Medicare. If it wasn’t confusing on its own the changes are enough to keep people asking questions.
The official government handbook, Medicare And You 2014 is the best place to start to understand all you need to know about the Medicare program.
Once you have the basics down you can intelligently choose a Medicare plan that will meet your needs and budget.
What’s in the handbook?
Section one of the Medicare and You handbook includes information on when and how to sign up as well as the basics of Medicare. Both the costs and coverage of Medicare Part A is explained as well as an expansive listing of Medicare Part B covered services. In reviewing the costs for Medicare Part B , the late enrollment penalty is also discussed.
A list of Medicare Preventive services is also included as well as a detail of what is not covered by Medicare. Knowing what is not covered can help you decide if pursuing a Medicare Advantage Plan is perhaps the right choice for you.
In section two of the Medicare handbook, your Medicare choices are explained. here you will learn the difference between a Medigap policy and a Medicare Advantage Plan. Medicare Part D is also discussed.
It’s important to note that this is basic information and you will need to consult individual plan information to choose either a Medicare Advantage Plan or Medicare supplement policy.
Section three gives you important information about getting help paying for your health and prescription drug costs. States have programs that pay Medicare premiums and in some cases help with co-payments, coinsurance and Medicare deductibles. It’s important to note that qualifying income amounts can change on an annual basis.
In section four of the Medicare and You handbook you learn about your Medicare rights and how to protect yourself from fraud and identity theft.
The fifth section of this Medicare resource discusses planning ahead. Many people falsely believe that long term care coverage is included in Medicare benefits but this is not the case. Although this section is brief it should start you on a quest to learn more about long term care options including long term care insurance.
In section six you will find helpful resources and tools to ensure that you understand your Medicare coverage and can find information
easily when it’s required. Medicare related definitions are included in section seven.
The Medicare and You 2014 handbook is specific to your geographic region and section eight will allow you to find and compare plans in your area. Although information is accurate at the time of printing you are advised to visit www.medicare.gov to get the most up to date plan information.
If you are new to Medicare or just need a handy Medicare resource the Medicare and You handbook is the best place to start.