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In 2018, more than 40 million Americans had a form of Medicare. This federal health insurance program helps individuals pay for their medical care and treatment costs. Below are a few of the most frequently asked questions about coverage and enrollment.

Most Common Medicare Questions

What is Medicare?

Signed into law in 1965 by President Lyndon B. Johnson, Medicare covers many health care services for those who are 65 and older, people with disabilities, and individuals with permanent kidney failure that requires dialysis or a transplant. There are also different parts of the program that provide prescription medicine, hospital stays, and medical supplies.

How does a person enroll?

Within three months of your 65th birthday, you can sign up for Medicare through the Social Security Administration’s online application or in person at a local office.

What does Medicare cover?

MedicareMedicare Part A covers hospital stays without participants having to pay any premiums. Under part B, services such as doctor’s appointments, outpatient care, physical exams, and X-rays are covered but require you to pay a monthly premium.

What happens if you don’t enroll?

Enrollment is required unless you are still working or have employer health insurance. If you don’t enroll, you may have to pay a lifetime late-enrollment penalty. There are exceptions if you work for a company with fewer than 20 employees, or you’re already receiving separate Social Security benefits.

 

The rules surrounding Medicare can be complicated and confusing. Toohey Insurance Services in Somerset, KY, specializes in helping its clients navigate through the process. The team of insurance agents has expert knowledge of enrollment information, deadlines, and coverage details. Count on working with a professional who will stay up to date on any changes to the Medicare program that may affect you. To learn more, call (606) 678-0540 to arrange a consultation. Visit the website for details on all of their insurance options.

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