How is Medicare Structured?

Many people who are in the process of becoming eligible for Medicare don’t really understand how it is structured and what pays for what.  This is a problem in some situations because it is good to know what you are signing up for when you get it.  To do so you can read on and get some basic facts about the Medicare process and opportunities in general.

Medicare Part A: This portion of Medicare insurance pays for the things that you need while you may have to be hospitalized.  This will pay for hospital stays from the room you are staying in to the medications that you need to deal with the pain that you experience.

Medicare Part B: This portion of Medicare insurance is what pays for your basic physician services, tests of a diagnostic nature and other outpatient type services.  This is funded for the majority by federal income taxes and the other portion is paid for by the recipients of Medicare themselves. 

Medicare Part D: This portion of Medicare insurance is what pays for the drugs that you may need to lead a normal life when you are at home.  Prescriptions that you need to get by on a daily basis will fall under this category and service may or may not be provided depending on the situation you are in.

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