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Medicare Is Not Free Insurance

During the 2016 presidential campaign, we heard “Medicare for all” as the solution to insure all Americans.  We are hearing it again now in 2019.  Currently, Medicare is not 100 percent coverage at no cost to the insured.  If politicians in D.C. can’t make it available without costs to those with Medicare now, how are they going to make it a reality to all Americans?

I am guilty of thinking that after paying into Medicare for more over 40 years, that once I reached 65, I would have healthcare insurance for free.  I was mistaken.

Medicare has four (4) parts.  The parts are explained in a handbook.  As I write this, next to me is “The Official U.S. Government Medicare Handbook”.   The subtitle is “Medicare and You, 2019.”

Medicare Part A is “premium free” and only covers hospital admissions, skilled nursing facilities, hospice care, and home health care.  I found at this link that Medicare Part A has a $1,364 deductible for each benefit period.  Benefit periods begin with admission to a hospital through the date of discharge.  After 90 days of hospitalization, the insured is responsible for all hospital costs.

Medicare Part B covers doctor services.  If an insured is admitted to a hospital without Medicare Part B, they are responsible for the cost of doctor services.  There is a $185 deductible per year for Medicare Part B. After your deductible is met, Medicare Part B covers 80 percent of doctor services.

The current cost for Medicare Part B is $135.50 per month.  That amount might be higher depending on annual income.   Currently, most providers do not accept Medicare for vision and dental because what they pay for is limited. Read the rest of this entry

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