Thank you for posting; there is also a deductible every year ($150??) and then the Part D Drug Plan is a separate premium for those who have regular Medicare...so about $140 a month comes right out of your SS payment after the deductible has been met. And of course, the additional 20% coinsurance due for services paid for —this is Medicare.
Medicaid, however, is different and a LOT of people, including those who work IN the health insurance industry confuse the two. Which is amazing, but they don’t understand the difference.
Medicaid has NO premiums and NO copays and NO co-insurance and NO deductibles...NO money out of pocket period. It is considered a “program”, NOT insurance and is run by the state.
My parents did not “leech” off of Medicare and paid for premiums and coinsurance and a lot of other things not covered-but they were grateful to have it as they had no other insurance when they retired.
So again, thank you for posting...
Thank you for being able to read this post... apparently an unusual talent, eh?
“Medicaid has NO premiums and NO copays and NO co-insurance and NO deductibles...NO money out of pocket period. It is considered a “program”, NOT insurance and is run by the state.”
Sorry but you are incorrect. “As of 2003 , 43 states charge some sort of co-pay to some or all Medicaid eligible individuals” according to a paper from the American Academy of Family Physicians.