What is Medicare?
Medicare is a US government health insurance program for US citizens above the age of 65. It also covers disabled individuals. Enrollment to the program is automatic when one attains 65. The endowments doled out are from the deductions that were made during the individual’s working life. These are several clauses, rules and regulations and coverage included in Medicare.
What are the New Mexico Medicare Plans?
While Plan A of Medicare covers the hospitalization costs, Plan B covers doctor’s visits and various outpatient expenses like physical therapy. It also pats for preventive costs like laboratory tests for diabetes checking and others.
Plan C, also known as Medicare Advantage, is a private plan that’s run via Medicare in respective states and provides an alternative to the two earlier parts. One has to specifically buy this part.
What is New Mexico Medicare Part D Plan?
The New Mexico Medicare part D plan gives coverage for prescription drugs. Like part C, it has to be bought separately from a private insurance company. While each private insurer has a separate plan, a monthly premium is usually levied for this coverage. The deductive amount can also be paid annually to the insurer. Once the deductible is covered, the same will be paid towards drug costs in that year.
In New Mexico, the first $2,830 is paid as drug costs per annum. Once the said amount is received, there’s no further coverage till $4,550. Any amount in this range has to be borne by the patient. If the annual cost towards prescription drugs in the state exceeds $4,550, the patient will again be entitled to 95 per cent of the total amount incurred. The patient, then, has to pay only 5 per cent of the amount.
With regard to which private insurer to choose for part D, ranking are devised by the state authorities.