St. Louis Medicare Coverage for Entrepreneurs: Navigating Healthcare Options
Medicare Eligibility for Entrepreneurs:
To be eligible for Medicare, an individual must generally meet one of the following criteria:
Turning 65: Entrepreneurs who reach the age of 65 are eligible to enroll in Medicare, regardless of their employment status.
Receiving Social Security Disability Benefits: Entrepreneurs who have been receiving Social Security Disability benefits for 24 months are eligible for Medicare coverage.
End-Stage Renal Disease (ESRD): Individuals with ESRD, including entrepreneurs, are eligible for Medicare coverage.
Medicare Coverage Options for Entrepreneurs:
Medicare Part A: Part A provides coverage for inpatient hospital stays, skilled nursing facility care, hospice care, and some home health services. Most individuals automatically qualify for premium-free Part A if they have paid Medicare taxes for at least 10 years while working.
Medicare Part B: Part B covers medical services, including doctor visits, outpatient care, preventive services, and durable medical equipment. There is a monthly premium for Part B, which can vary based on income.
Medicare Part C (Medicare Advantage): Entrepreneurs can opt for Medicare Advantage plans offered by private insurance companies. These plans provide Part A and Part B benefits and may offer additional coverage, such as prescription drug coverage and dental services.
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