
Health
7 Things Medicare Doesn’t Cover
Medicare is a health insurance program provided by the federal government for people aged 65 and above. The insurance coverage also caters for people with certain qualified chronic conditions and people living with disabilities. If you are on a limited income, you may still need to budget for healthcare even when on Medicare. It’s essential to know the services covered by Medicare so as not to be surprised by medical bills. The following are things not covered by Medicare: 1. Prescription drugs Medicare Part A and B do not provide prescription drug coverage. If you need coverage for prescription medication, it would be best to contact a private insurance firm and buy Medicare Part D or a Medicare Advantage plan that includes prescription drug coverage. Medicare drug coverage is non-compulsory. However, if you don’t have it and don’t have alternative creditable drug coverage, you will be penalized for enrolling late if you enroll in the future. The penalty stays when you are under Medicare drug coverage, so it’s good to ensure that you obtain and maintain qualified coverage when you are eligible. 2. Overseas health care If you go for treatment outside the U.S., Medicare will not cover the cost of treatment or supplies except in exceptional circumstances.
Read More