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Read More Info About Medicare Supplemental Insurance inside this Blog Post

18th September, 2009 - Posted by health news - No Comments

The complicated meaning of the word Medicare can be easily explained as the following:
Medicare Part – A. This is the hospital part of the plan and it covers the following
Inpatient hospital care

Hospice care

Some skilled nursing care

How health care

Before we continue, you will also have to know what benefit “benefit period” is. Benefit period pertain the number of days you receive care in a skilled nursing facility or in a hospital. This count is used in Medicare to define the amount of money it will pay for a benefit period. Your benefit period is determined by three factors:
The period of stay in skilled nursing facility

The period of your stay in hospital

The length of release before you tern to a skilled facility or a hospital

Your benefit period starts the day before you are registered at a hospital and keep on as long as you (1). Stay in a hospital, (2) Move to a Medicare approved skilled care facility within 30 days of your stay. And if you do not receive skilled nursing or hospital care for consecutive 60 days it goes to en end.
Medicare covers Part – A (it should be noted, that the cost include only hospital or skilled care facility services, it does not comprise nurses or doctors or the cost of your prescription drugs).

Days 1 – 60 Your deducible makes up $1,068.00

Days 61 – 90 You co-pay costs makes up $267.00 per day

Days 91 – 150 You pay $534.00 per day as your co-pay, up to 60 days. These 60 days are your Lifetime Reserves. When you deplete them, they will not renew.

Days 151 and over: you will have to pay $534.00 per day until you deplete your Lifetime Resource. If you do not have any Lifetime Reserves left, you will cover all expenses of Part –A after the 90th day.

How Medicare covers Skilled Nursing Care costs

Days 1 – 20 You pay nothing

Days 21 – 100 your co-pays will make up $131.50 per day.
Days after 101 and over: You pay all costs
Medicare Part B: This is the medical insurance part of Medicare, and it covers costs for doctor’s services, outpatient hospital services, medical services and supplies.
You pay $96.40 premium on the monthly basis (it is taken from your social security check).

You pay $135.00 of deductibles

Medicare pays 80% and you pay 20% after the deductible.
You pay 15% more for the appointed specialist
It should be noted that the explanation of rules for Medicare coverage for Part – A and Part –B are not included to this article.
It should be said that as Medicare has significant benefit limitations, there are private policies named Medigap Insurance Plans where these insurance policies fill in the gaps that are not covered by Medicare. It is also advised to consult a Medicare specialist to help you decide which one of these Medigap Plans is applicable for your personal demands.

Medicare is not a problem if you know its general and most important notions. We at medicare supplemental insurance website not only offer frugal products of this market, but also share for free useful info about medicare plans.

Before you make a decision on any medicare supplemental insurance – please visit our site and find out how to choose this medicare supplemental insurance in a smart way.