If you're new to Medicare, you may discover that the program is puzzling. Most people
age 65 or older rely on Medicare for their health care coverage. Some people under
65 who have a disability, Lou Gehrig's disease, or advanced kidney failure are also
permitted to it.
For most people, Medicare rate for Part A is free of charge. The main reason is because
they or their spouses were paying Medicare taxes while they worked.
You might have to pay for Medicare rate Part A if you were self-employed or didn't
work during much when you were younger. If you or your spouse paid Medicare taxes
for less than 10 years total, you will have to pay a monthly Medicare rate fee for
Part A coverage. In 2012, the Medicare rate for Part A will be $451 per month, or
$1 more than in 2011.
Part B isn't free of charge. You have to pay a monthly Medicare rate, which is usually
taken right out of your Social Security check. For 2012, the Medicare rate for Part
B is $99.90 per month for most people.
Part B is optional. If you don't want it because you have other coverage through
an employer for example, you don't have to pay for it. But you have to drop it. Otherwise,
the Medicare rate is subtracted from your Social Security check automatically.
There's a penalty for signing up late. If you don't sign up for Part B when you first
become eligible, your monthly Medicare rate may be higher than $99.90.
This year, Medicare has improved its quality ratings of Medicare Advantage and prescription
drug plans, and hopes that the ratings will help people easily identify higher-quality
plans. However, there are relatively few five-star plans and it may be hard for the
typical Medicare user to access or understand the wealth of plan information that
Medicare has posted online.
Always be aware of Medicare new changes so you’ll not have problems or puzzles in
the future. The best thing to do is make a research. Understand the Medicare rate,
plans and information.