How do you qualify? What does each cover?
Medicare is an insurance program that is supported by Social Security deductions when you worked. You can receive Medicare once you are retired or disabled. Your application is processed by the Social Security Administration. There are four parts to Medicare:
- Part A covers hospitalization.
- Part B covers doctors' visits, lab work, and visits to the emergency room. It is like regular insurance.
- Part C is privately purchased supplemental insurance to cover more than Part A and Part B usually cover.
- Part D covers prescription drugs.
Listen in as Marianne Eterno, President of Government Relations for GTL, discusses the differences between Medicare and Medicaid.