When it is time to enroll in Medicare, you need to know what it covers and what it does not cover to avoid any unexpected surprises later.
Although Medicare is considered to be a health insurance program for those 65 or older, it also offers coverage to those under 65 that have certain disabilities and those with End-Stage Renal Disease. If you do not know what you are covered for that could backfire later when you need coverage and discover Medicare does not cover all or most of the costs.
The costs associated with an accident when you might need a procedure done and it turns out they are not covered are often exceedingly expensive. Always make sure you read the fine print when it comes to Colorado Medicare. If you purchase a Medicare supplement plan (MediGap) make sure the agent you are going through can custom tailor a coverage plan to meet your needs.
Summary of What Colorado Medicare Coverage Does
Medicare, mandated for everyone to carry, kicks in automatically at age 65 and covers approximately 80% the following:
- Part A – hospital insurance – inpatient hospital care, hospice care and skilled nursing care
- Part A – also covers home health care, surgery, lab tests, visits to a physician
- Part B – medical insurance – covers some preventative services, durable medical equipment, home health care, outpatient care, doctor and other medical professional’s services
- Part B – elective, offers choice to drop later or deny on enrollment
- Part B – ideally everyone should have Part B coverage, even individuals with Indian Health or Veterans benefits
- Part D – prescription drug coverage – here the government counts on private insurers to offer various plans with choices in terms of coverage options and varying costs
- Those with Medicare usually have to pay co-insurance, co-payments and a deductible even if a service/item is covered
What Colorado Medicare, or Medicare anywhere, Does Not Include: Dentures, Cosmetic Surgery, Most Dental Care, Acupuncture, Custodial Care, Hearing Aids, Exams to Fit a Hearing Aid, Eye Examinations to Get Glasses, Routine Foot Care.
Reach out to the experts at Mile High Medicare for a free quote!