Find the Best Medicare Insurance Policies in 2022

 

There are two types of public health insurance, Medicare and Medicaid, which you get through the government.

Medicare provides free or greatly reduced cost health care for anyone over the age of 65. It includes four parts of coverage:

  • Part A for inpatient (hospital) care, for which most people pay no premiums
  • Part B, for outpatient care, like doctor’s office visits (2020, Part B has a monthly premium of $144.60)
  • Part C, which is also called Medicare Advantage, and allows you to buy into private health insurance
  • Part D, for prescription drug coverage

Those over the age of 65 can apply for coverage by going to healthcare.gov.

Medicaid coverage is available for low-income families or individuals. The qualifying rates for Medicaid vary by state as does the cost of living vary from state to state. 

The Children’s Health Insurance Program (CHIP) aims to cover children under the age of 18. Often families might have too much income to qualify for coverage under Medicaid. Yet, private insurance is cost prohibitive.

CHIP helps families in this bubble get coverage for their children. Check with your state for individual qualifying standards. 

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