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Although it varies from person to person, retirees can get health care from a number of ways including Veteran's programs, Unions, Trade Organizations, government programs, along with many others. Although the majority of retirees narrow these down to two options: Medicare and managed care.
Medicare is the nation's largest health care program, which covers 40 million Americans. you are eligible for Medicare three months before your 65th birthday if you have contributed enough into the program through FICA taxes. the program is divided into a part A and B each having different coverage plans. Part A is called hospital insurance and it covers most hospital stays and expenses as well as some follow-up costs after time in the hospital. You usually do not have to pay a premium for part A. Part B is medical insurance which covers doctor's bills in or out of the hospital. The monthly premium for part B is automatically deducted from your Social Security check. Managed care refers to the numerous other health care plans offered through employers, unions, insurance companies, state governments, and private institutions. These plans usually fall into two categories: health maintenance organizations (HMOs) and preferred provider organizations (PPOs). HMOs are usually less expensive than PPOs but are generally more restrictive in services and choice of doctors. Contact me for your free consultation today. |