Health insurance is extremely important, especially as we age. This is why every senior 65 and older (as well as those with certain disabilities) should consider enrolling in Medicare. Take the time to learn about all the different Medicare options in order to understand what coverage would be best for you.
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Medicare has been around since 1965, but very few Americans are experts on it. It’s a large program with many different rules and options, which makes it confusing. This article will provide you with all the basic need-to-know facts so that you can make an informed decision about your health care coverage.
Who’s Eligible for Medicare?
Before we get into the details of Medicare, let’s first discuss who’s eligible to enroll. Medicare was designed to provide coverage for retirees over the age of 65. It has since grown to also include younger people who have certain illnesses and disabilities.
You must also be a U.S. citizen or a permanent legal resident in order to access Medicare insurance. Permanent residents must have lived in the United States for at least five consecutive years, says Everyday Health.
Those who are under the age of 65 must have received disability payments from Social Security for 24 consecutive months. Payments from the Railroad Retirement Board may also count, notes the source. Conditions that are covered by Medicare are end-stage renal disease (ESRD) and amyotrophic lateral sclerosis (ALS) or Lou Gehrig’s disease.