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Understanding Medicare Basics - Tennessean
Medicare has been around for a long time - since 1965 actually, but it has also undergone changes since that time. Medicare is a fairly complex program with different “Parts” covering different types of medical services and, then, not all services within each given category. And since not all medical services are covered by Medicare, other sources of private coverage have sprouted up, including “Medigap” supplemental plans to fill the gap Medicare leaves void, and “Medicare Advantage” plans in which private providers relieve the government from managing your healthcare claims. Advantage plans also often provide additional coverage absent from original Medicare. And then there’s private prescription drug coverage, which is usually referred to as “Medicare Part D” but, despite the “Medicare” moniker, is offered only by private insurers, and not the federal government. Sound confusing? Well, it is, but this article by Jennifer Pagliarea appearing in the Tennessean provides a primer on Medicare and how it is structured. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. Learn more about it here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.