Senior Care Palos Verdes CA: How Medicare Works

Senior Care Palos Verdes CA: How Medicare Works How Medicare Works By Stephanie Miles, Caring. com senior editor Medicare is the government’s contract to provide healthcare insurance coverage for Americans over the age of 65. But, as with all contracts,... More

Senior Care Palos Verdes CA: How Medicare Works How Medicare Works By Stephanie Miles, Caring. com senior editor Medicare is the government’s contract to provide healthcare insurance coverage for Americans over the age of 65. But, as with all contracts, it’s always smart to read the fine print. Medicare pays for about half of all medical costs for older Americans, including hospitalization, doctors, some nursing care, some prescription drug costs, and medical equipment and supplies. But there’s much that Medicare doesn’t cover, as well as an alphabet soup of coverages, premiums, deductibles, and eligibility requirements that can be difficult to navigate — especially for someone facing a health crisis. Here are the basics everyone should know about Medicare, and where to look for more information if you need it: What is Medicare? Medicare consists of four categories: Part A covers hospitalization, some skilled nursing facility and home health care, and hospice. Part B covers doctor Less