Is Medicare The Same As Health Insurance?
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63333 POINTSview profilePeggy MaceMost of the U.S.Yes, Medicare is health insurance. It has some differences from privately purchased health insurance, or health insurance provided through an employer. The contractual coverages all depend on the plan, and the same is true with Medicare coverage. There are copays and deductibles, just like with health insurance. The biggest difference is the cost.Answered on September 13, 2013flag this answer
1450 POINTSview profileFred AdamsThe HSA Expert, Health Revival, Athens, GAMedicare is a type of health insurance available to those over the ge of 65 and people with disabilities that have received social security income for more than 24 months. Coverage on Medicare works differently than traditional health insurance one is used to before joining the Medicare system, though many aspects are the same. Medicare has four parts, A (hospital coverage, the part that is "premium free," for those who worked at least 40 quarters before becoming eligible), B (outpatient coverage, which has a monthly premium, currently $115 for most), C (Medicare Advantage, which replaces A and B), and D (optional prescription drug coverage).Answered on April 30, 2014flag this answer
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