In spite of its 50-year presence, myths and mistaken beliefs about Medicare continue, which we intend to resolve. Let’s have a look at five typical myths about this essential program.
People Can Register in Medicare at Any Time
Many people end up being qualified for Medicare at age 65 have a 7-month registration duration to register for Part A and/or Part B. This preliminary registration duration consists of the three months preceding an individual’s 65th birthday, their birthday month, and the three months following their 65th birthday. Unless these people are qualified for unique registration, they need to register throughout their preliminary 7-month eligibility duration or wait up until open registration, which takes place each year from January 1- March 31.
Medicare Does Not Cover Prescription Drugs
Many of us have heard stories of old age seniors having a hard time to pay for prescription drugs that aren’t covered by Medicare or who are needed to go without their prescriptions entirely due to the fact that they merely can’t manage them. It’s real that Initial Medicare (Plans A and B) covers just standard drug protection (i.e., a restricted number of outpatient prescription drugs under restricted conditions). Part D plans are used through personal insurance coverage business as standalone plans, or they can be bought as part of a Medicare Benefit (Part C) strategy.
Medicare Covers Assisted Living and House (Custodial) Care
Medicare does not cover house care help for activities of everyday living, such as dressing, house cleaning, consuming, and bathing (described as custodial care), nor does it cover care in a nursing home. Medicare does cover some experienced nursing center care, nursing house care, (as long as it’s not specifically for custodial care) and some house healthcare services, consisting of periodic experienced nursing care, physical treatment, speech-language pathology services, continued occupational services, and other services, with differing limitations and conditions.
Medicare and Medicaid Are the Exact Same Thing
While the 2 have comparable sounding names, Medicare and Medicaid are really different programs. Medicare supplies health protection for people aged 65 and over too those with end-stage kidney illness (ESRD) and other conditions, while Medicaid supplies health protection for people with a couple of resources and low earnings.
Medicare Supplement (Medigap) Plans Cover Everything Original Medicare Covers
Medicare supplement (Medigap) plans are created to assist cover expenses like copayments, deductibles, and coinsurance quantities that aren’t covered by Initial Medicare (Plans A and B) or by a Medicare Benefit strategy (Part C). There is a wide variety of Medigap prepares to select from that differ in expense. Speak with a specialist to describe all the different parts of Medicare and how they work.