• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Alpern Law Firm

Attorneys & Counselors At Law

CALL US TODAY
(800) 307-5544
(330) 394-1501

Seminars/Webinars
  • Home
  • Our Firm
    • About Our Firm
    • About The American Academy
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • Multimedia
    • News & Events
  • Estate Planning
    • Asset Protection & Business Planning
    • Estate and Gift Tax Calculations
    • Estate Planning Services
    • Elder Law & Medicaid Services
    • Family-Owned Businesses & Farms
    • Legacy Planning
    • LGBTQ Estate Planning
    • Powers of Attorney
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Elder Law
    • Are You A Caregiver?
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veteran’s Benefits
  • Seminars/Webinars
  • Resources
    • Elder Law Resources
      • Elder Law & Medicaid Definitions
      • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Planning Definitions
      • Estate Planning Reports
      • Estate Planning Checkup
      • Is Your Estate Plan Outdated?
      • Incapacity Planning Definitions
      • Top 10 Estate and Legacy Planning Techniques
    • Educational Alerts
    • Frequently Asked Questions
      • Estate Planning FAQ’s
      • Incapacity Planning FAQs
      • LGBTQ Estate Planning FAQs
      • Trust Administration & Probate FAQs
    • LGBTQ Resources
    • Published Books
    • Special Needs Resources
    • Trust Administration & Probate
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Blog
  • Contact Us
Home / Medicare/Medicaid / What is Medicare?

What is Medicare?

August 13, 2010 by Jack N. Alpern, Estate Planning Attorney

Medicare, in simple terms, is the federally funded health insurance for people over age 65. Others may also qualify if they have a disability of suffer from permanent kidney failure and need dialysis. Medicare covers most acute (non-permanent) medical ailments, and is divided into four parts (A, B, C and D).

Medicare Part A pay for hospital stays, skilled nursing care in a nursing facility and hospice. Part B pay doctor’s bills, outpatient care and physical and occupational therapy.  Part C deals with HMOs and preferred provider plans that offer health insurance plans. The plans have to offer similar coverage as Parts A and B.  Part C providers can offer vision and dental coverage as well, and to minimize costs, they can also limit the doctors and hospitals to in-network providers. Medicare Part D offers prescription drug discounts through private insurance companies, and extra premiums are assessed for Part B and D.

Under the original Medicare plan, seniors still have to pay for some health care costs, or a deductible, every year. Each January 1, the amount of deductible, as well as the premiums for Part B and D changes.  In order to cover the gap between what Medicare pay for and the deductible, seniors can purchase Medigap insurance. If seniors meet certain income requirements or have a Part C plan, they may not have to pay for a supplemental Medicare insurance policy through coverage under Medicaid.

  • Author
  • Recent Posts
Jack N. Alpern, Estate Planning Attorney
Latest posts by Jack N. Alpern, Estate Planning Attorney (see all)
  • How Do I Trust Thee…Part II - July 1, 2022
  • How Do I Trust Thee…Part I - July 1, 2022
  • Just When You Thought You Understood the 10-Year Rule, Think Again - April 4, 2022

Filed Under: Medicare/Medicaid Tagged With: medicaid, medicare

Primary Sidebar

Address

HOWLAND
8600 East Market Street Suite 1
Howland (Warren), Ohio 44484
United States (US)
Phone: (330) 394-1501
Secondary phone: (800) 307-5544

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM

Closed for lunch from 12:00 pm-1:00 pm

Map

map for The Alpern Law Firm office

Footer

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
The Alpern Law Firm logo

© 2022 American Academy of Estate Planning Attorneys, Inc.| Disclaimer | Privacy Policy | Sitemap