What are Tricare and medicare and a qualified medicare beneficiary?
Whether it is Tricare or Medicare, the number of options and their alphabetical order can indeed overwhelm anybody. As a leading Medicare advisor, we have solutions that will benefit you in the long run and prove less time-consuming.
Tricare:Tricare for Life is similar to a Medicare supplemental plan that provides extended health coverage for retired uniformed service members and servicemen on active duty above 65 and eligible for Medicare.
Medicare:Medicare is a healthcare plan provided by the Government for seniors above age 65 and younger people with certain illnesses and disabilities.
Qualified Medicare Beneficiary: The QMB program provides Medicare coverage of Part A and Part B premiums and cost-sharing to low-income Medicare beneficiaries. The Medicare suppliers and providers, including pharmacies, are not allowed to bill people under the QMB program for Medicare cost-sharing. QMB does not have any legal obligation to pay Part A and Part B coinsurance, deductibles, and copayments for any Medicare-covered products and services.
‘Tricare for Life’ works along with your Medicare, wherein Medicare is the primary payer, and Tricare pays for additional costs of Medicare-covered services. Once you enroll in both Part A and Part B of Medicare, you are automatically covered by Tricare for Life, only if you qualify. Once your active duty ends, you need to enroll under Medicare Part B to maintain your Tricare eligibility. Please note, other factors that influence the relationship between Tricare and Medicare. It is best to speak with an expert in advance.
The Qualified Medicare beneficiary program applies to people of low-income groups who cannot bear the costs of Medicare, when needed.
To know more about Tricare and Medicare, and Qualified Medicare Beneficiary, get in touch with consultants at www.askhpm.com today!
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