Posts Tagged ‘medicare’

Medicare and SSI

Monday, May 16th, 2011

Medicare and SSI (Supplemental Security Income), are two different things and should not be confused with one another. SSI pays a monthly benefit and gives you Medicaid. Medicare is insurance that you can get when you have worked and paid into Social Security.

To become eligible for SSI you must be 65 years of age or older, be partially or totally blind or have a medical condition that keeps you from working and is expected to last at least a year or cause death.

However, for children, there are different rules. I am discussing SSI for adults, if you need information for children contact you’re local Social Security Office and ask for Benefits for Children with Disabilities.

Basic monthly SSI payment for 2010 was $674 for one person. For a couple, the benefits go up to $1,011 per month.

The total amount of benefits can vary depending on different factors. Not all will receive the same amount. Some factors that can affect the amount are where and with whom you live.

The things you own, resources, if not worth more than $2000, can qualify you for SSI. For a couple, total value of resources must be $3000 or less.

Lastly, you must be a United States resident or Northern Mariana Islands resident to be eligible for SSI. You do not have to be a US citizen, only a resident, to be eligible.

Medicare and SSI differ in many ways. However they are both helpful benefits to those 65 or older and live in the United States.

Medicare and SSI (Supplemental Security Income) are not the same thing. SSI pays a monthly benefit and gives you Medicaid. Medicare is insurance that you can get when you have worked and paid into Social Security.

To become eligible for SSI you must be 65 years of age or older, be partially or totally blind or have a medical condition that keeps you from working and is expected to last at least a year or cause death.

Retirement and Medicare

Monday, May 16th, 2011

Applying for Medicare does not have to be done after you retire. It is a short process, and should be given prompt attention when the time is drawing near, months before you are 65.

It is ideal to get started if you: are within four months or turning age 65 or older. If you want to receive Medicare benefits only, or plan to delay applying for monthly Social Security benefits for four months or longer and resides in the US or one of its territories.

By applying online you are subject to advantages. You can start the application immediately, and do not have to wait for an appointment.

You can apply from the comfort of your home, and if you choose you do not have to complete it in one sitting.

You should make sure and make an informed decision about the right time to apply for benefits based on your individual circumstances when it comes to Medicare benefits.

As you may know, Medicare is a federal health insurance plan for people who are 65 years of age or older. It is also for people who are disabled or have permanent kidney failure, including Lou Gehrig disease.

Medicare has four parts, A, B, C, and D. Part A is hospital insurance. If you are eligible you should apply a few months before you turn 65 to ensure you receive coverage.

The remaining 3 parts of Medicare do require premium payments. You can pay different amounts, depending on the time that you apply.

You do not have to wait to retire before applying for Medicare. . It is not a lengthy process, and should be given prompt attention when the time is drawing near.

It is ideal to get started if you: are within four months or turning age 65 or older. If you want to receive Medicare benefits only, or plan to delay applying for monthly Social Security benefits for four months or longer and resides in the US or one of its territories.

Today in Medicare

Monday, May 16th, 2011

The federal health insurance that seniors seek upon turning 65 is the Medicare Benefits Program. This is a program they can take once they turn 65 years old. Taking advantage of the Medicare Benefits that are available to you at this age is very useful and can save you alot of money as healthcare expenses tend to rise more and more each year.

Medicare Supplemental Insurance, also known as Medigap is a private health policy designed to supplement what Medicare benefits do not cover. Seniors purchase this coverage to help fill the gap in coverage so that they don’t have to pay out of pocket.

Generally, enrollment in Medicare Part A and Part B is automatic. If you are receiving disability benefits, you will receive a Medicare card showing the date your Medicare benefits begin.

Medicare Part A is free of any premium fees. To apply for a Medicare supplement you must have medicare Part A and Part B. If still working you can choose to defer Part B without penalties. Once you retire, you will want to pick up this benefit for optimum coverage.

When you are covered by an Employer plan with 100 employees or more, you can choose to not take part B without penalties. Upon retiring you will want to take the Part B Plan for optimum coverage.

Upon receiving Medicare and Medicare Supplemental Insurance, you are insured to save money, especially if you are diagnosed with a medical condition and diagnoses that you will need treatment for.

Medicare History

Monday, May 16th, 2011

Medicare, to put it simply, is a social insurance program in the United States that is financed by the United States government. It provides health insurance coverage to people who are aged 65 and over, and meet other criteria.

Do you know who signed the amendment for medicare? That would be President Harry S. Truman. Truman also possessed the first medicare card. President Lyndon B. Johnson enrolled former President Truman as the first Medicare beneficiary.
Harry S. Truman was born on May 8, 1884, and died December 26, 1972. He was 88. He was the 33rd President of the United States . Harry S. Truman was born in Lamar, Missouri. President Truman was the oldest child of John Anderson Truman and Martha Ellen Young Truman.

President Truman was named after Harrison Young, who was his uncle. President Truman was in office from April 12, 1945 to January 20, 1953. President Truman was famous for numerous quotes.

One such quote was “the buck stops here.” He also started the quote, “if you can’t stand the heat, get out of the kitchen.” President Truman took office after the death of President Roosevelt.

Truman had only been in vice presidency for 2.5 months before taking office. President Truman said to reporters “Boys, if you ever pray, pray for me now. I don’t know if you fellas ever had a load of hay fall on you, but when they told me what happened yesterday, I felt like the moon, the stars, and all the planets had fallen on me.”

Imagine the stress and sudden responsibility of becoming President overnight! Truman was only in his vice presidency less than 90 days before being thrown into becoming the President of the United States!

Truman made his identity as a Democrat in the New Deal tradition, advocating national health insurance. President Truman has numerous things named in his honor. My personal favorite is the mascot for the Missouri Tigers. Their mascot is Truman the Tiger.