If you have reached retirement age, and are getting ready to give up your job, you need to know how all of this is going to impact your healthcare. While you are working, you probably have health coverage provided by your employer. After you retire, these benefit will stop, and you may be faced with the government program options to pay the costs of hospital and doctor visits. Everybody needs their Medicare questions answered. Below are some of the most common concerns.
People want to know if they will qualify for this healthcare plan. You qualify once you reach the age of sixty-five if you are a U. S. Citizen and you worked for at least ten years in jobs that were covered by the program. If you retired at sixty-two and are receiving Social Security, you will automatically receive benefits once you reach sixty-five. The program is available for those younger than sixty-five who have been receiving disability benefits for at least two years.
Seniors want to know what they are required to do in preparation of these benefits. The process is automated for those who worked at least ten years and have turned sixty-five. You will be mailed a Part A and B card about ninety days before your birthday. There is no charge for Part A. There is a cost associated with Part B. If you don’t want to participate in Part B, you have to contact the government and tell them so. Your coverage starts in the month you turn sixty-five.
Not everyone understands the difference between Medicare and Medicaid. Medicare is for those older Americans who have worked and paid FICA taxes for ten years or more. Medicaid is designed for those without the financial resources to pay for healthcare on their own. It is funded by the federal government and the states. Whether or not you are eligible for Medicaid depends on the individual state’s eligibility standards.
Most people know the program won’t cover all health issues. The majority aren’t sure what is and is not covered. The program won’t pay for dental or vision care, custodial care, or hearing aids. It doesn’t pay for acupuncture, cosmetic surgery, or routine orthopedic care. It won’t pay for dentures.
Physical and psychological care for Alzheimer’s is covered. Hospice care is included in the plan. Benefits include alcohol counseling, flu shots, wellness checks, mammograms, prostate cancer screenings, and cardiovascular disease screening. Medicare typically pays eighty percent of approved costs.
Seniors can be anxious about which doctors accept patients who rely on this program. Almost all doctors see patients who have the fee-for-service benefits. There are some doctors who choose to opt out of treating patients who rely on Part B. To opt out they have to file paperwork with the government. These doctors tend to be specialists who will only treat patients on a private pay basis.
Retiring has benefits and drawbacks. You need to know what the healthcare program is once you retire. The best idea for those with questions and concerns is to call the toll free numbers provided by the government and discuss your issues with a specialist.
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