Health Insurance

Health Insurance

Health insurance is generally used to describe a form of insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by individual consumers. In each case, the covered groups or individuals pay premiums or taxes to help protect themselves from high or unexpected healthcare expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government.

As you can see, there are many different options when it comes to life insurance. That is why Main Street Insurance can help you decide which option will best fit your goals and needs.

Medicare

Medicare is the largest health insurance program offered by the U.S. government, serving more than 52 million people. It is run by the Center for Medeicare & Medicaid Services part of the U.S. Department of Health & Human Services.

Medicare is divided into parts A, B, C, and D. Parts A and B are called "Original Medicare." Part C is referred to as an "Advantage Plan." Part D is a stand alone "Drug Plan." Medicare covers U.S. citizens and legal residents who are 65 and older, those who qualify due to a disability, and those of any age with end-stage renal failure.