Medicare vs Non-Medicare Insurance

Did you know that nearly 20% of people in the United States have Medicare coverage? 

Medicare is one of the most common forms of insurance that people qualify for as they age. If your circumstances are changing and you need affordable health insurance, our team can help you pave the way to a healthy future. Before you sign your next insurance contract though, you need to understand your options. 

Our team has broken down the most important details so you don’t have to do all the research yourself. Read on to learn more about Medicare vs non-Medicare insurance! 

What Is Medicare? 

High premiums and monthly costs can eat away at your wallet, still leaving you to pay off remaining medical bills. The great thing about Medicare is that it’s federally funded and available to seniors and adults with disabilities.

Throughout your lifetime, you contribute money from your paychecks to receive these benefits. If you’ve worked for 10 years or more, while paying into it, you will qualify for partial or full coverage. 

Medicare is a wonderful solution for insurance, as many providers fall within its network. Whether you need surgery, dental work, or vision care, Medicare will help cover the costs. 

If you’re wondering, which Medicare advantage plans cover dental implants, Midwest Health can help. Midwest Health is a reliable resource for enrollment and our agents can clear up confusion and answer any questions. Although Part A and Part B insurance (see info below) don’t offer this coverage, you can get it with the Advantage Plan. 

Types of Health Plans

Medicare plans have been simplified into two groups, which offer separate benefits. If you’re starting to look into plans, you will discover Part A and Part B coverage. 

Part A Medicare is useful if you visit the hospital often. People undergoing treatment may pose a higher risk of hospital visits, making this a viable option in retirement. If you’re over 65, this coverage is essential in life-threatening situations and even after accidents. 

If you’re looking for health insurance that will help you reduce copays at doctors’ offices, Part B Medicare is necessary. Part B acts as normal medical insurance, making it possible for you to find affordable care from reputable professionals. Some of these plans include hearing, dental, and vision benefits as well. 

Medicare Advantage

Did you know that you can get hospital and medical insurance, along with access to private health insurance options? With the Medicare Advantage Plan – you can!  

If this seems too good to be true, you might be wondering, what is the downside to Medicare Advantage plans? Depending on your location, you might have limited medical professionals in your network available to you and encounter higher costs out of pocket. Some people have also complained about authorization requirements and annual changes to plans. 

To make a well-informed decision, take a moment to learn more about this plan. Our team can help you enroll in the fall and spring, ensuring coverage fits your budget. Medicare Advantage won’t let you down and with help from our team, you won’t be left waiting for treatment. 

What Is the Difference Between Medicare and Medicaid?

One of the key differences between Medicare and Medicaid is the length and time of coverage. Medicare has term coverage, while Medicaid is whole-life insurance.

If you’re looking for long-term or custodial care, Medicaid is best. Whole life insurance tends to come at a higher cost but will act as life insurance and prepare you for the future. With term insurance, you can lower monthly payments while still receiving care for yourself and family members. 

Medicaid is suggested for people who want permanent coverage. Although this process can be more complex, it increases in value over time. Medicare coverage is often recommended for those who have retired or are about to quit work. 

Understanding the Basics of Medicaid 

While Medicare is a federal program, Medicaid is handled at both the state and federal levels.

This health coverage often covers people with poor finances and limited resources. Unlike Medicare, you don’t have to be an elderly adult to qualify for insurance. Individuals and family members often use this type of insurance when they become unemployed or can’t pay for private coverage. 

If you’re interested in the benefits of Medicaid, or have a provider working in that network, you can try to get both. Medicare and Medicaid can be combined to cover optional and mandatory procedures that help you avoid medical debt. 

With Medicaid, you can get coverage for hospital and doctor visits, even with specialists. If you need costly prescriptions, Medicaid can help make your medications more affordable. 

How Do I Enroll in Medicare?

Before you enroll, take a moment to review Medicare eligibility requirements. You can chat with our team if you’re unsure if you qualify. We will help you decipher insurance coverage

To qualify, you must be 65 years of age or older. Some people become eligible before this age, however. If you have a disability, Lou Gehrig’s disease, or End-Stage Renal Disease, you should consult with our experts about obtaining coverage! 

You can sign up for Medicare by completing an online application or by visiting your local Social Security office. Our team can help you file an appeal or report changes if you aren’t approved. 

Overall, the enrollment period lasts six to eight weeks before receiving approval. If more time passes and you haven’t heard anything, Midwest Health Insurance agents can help resolve the issue.

Decide between Medicare vs non-Medicare insurance

There’s nothing more reassuring than knowing that whatever comes up, you’ll be prepared. 

Comparing Medicare vs non-Medicare insurance can help you save money and improve your health in the long run. If you want treatment and to take the right steps, our team will stand by you from the application process until the end, providing quality care.  

Do you need help comparing Medicare vs non-Medicare insurance? Our professional staff offers expert, bilingual guidance to help make the best choice for your needs. Let’s make sure you get the insurance coverage that you deserve!