Medicare Basics
What is Medicare?
A federal health insurance program for people age 65+ and certain younger individuals with disabilities
65
What is a deductible?
the amount you pay for healthcare before your insurance starts to pay
Initial enrollment period
What does Part A cover?
When was Medicare established?
1965
Which two conditions allow for those under 65 to qualify for Medicare?
ESRD and ALS
What do you call the payment you make each time you get a medical service?
copayment
When is the general enrollment period?
Jan 1- March 31
List examples of what Part B covers
physician visits, outpatient hospital, ESRD, lab work, medical equipment, certain home care services
Who administers Medicare?
Centers for Medicare & Medicaid Services (CMS)
What is the requirement regarding US citizenship or residency for Medicare eligibility?
Must be a US citizen or a permanent resident for at least 5 years
What is the monthly payment you might have to pay for Medicare Part A if you didn't work enough years?
premium
What is the term for the special time when you can enroll in Medicare due to life changes?
special enrollment period
What does Part D provide?
drug coverage