insurance

What is a qualified Medicare beneficiary?

 

What is a qualified Medicare beneficiary?

The Bankrate.com financial term of the day is: "qualified Medicare beneficiary."

Medicare, as you may know, is the government's health insurance program for older Americans. As is typical with health insurance, it doesn't pay everything: There are premiums, deductibles and copays when you're on Medicare. There are, that is, unless your lower income makes you a qualified Medicare beneficiary. In that case, your state will help with some of these Medicare out-of-pocket costs.

When you're needy and you need Medicare, you can get a break on the costs through your state's qualified Medicare beneficiary program.

To shop for insurance to fit your needs, visit the Insurance section at Bankrate.com.

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