Does Medicare pay for a senior's medical expenses based on their income?

  • by Kathleen
  • Mar 10,2018
  • 15 answers

Does Medicare pay for a senior's medical expenses based on their income?


LIKE OR DISLIKE:

  

Insurance Answers (15)

Casey Y 2 months ago

Medicare has nothing to do with income...period.

Help others find the most helpful reviews
Was this review helpful to you?  

curtisports2 2 months ago

No. Medicare sets a maximum benefit a hospital or doctor may charge for a service or procedure. If the hospital or doctor wants to accept Medicare patients, they must accept these numbers. Medicare then pays 80% of the bill. It is NOT income-based. Supplemental insurance coverage to pay the other 20% might be. You have to shop around.

Help others find the most helpful reviews
Was this review helpful to you?  

Felicia 2 months ago

Yes

Help others find the most helpful reviews
Was this review helpful to you?  

car253 2 months ago

Depends if you qualify for Medi-Cal.

Help others find the most helpful reviews
Was this review helpful to you?  

H. Marie 2 months ago

no

Help others find the most helpful reviews
Was this review helpful to you?  

Amanda 2 months ago

Yes

Help others find the most helpful reviews
Was this review helpful to you?  

Samantha 2 months ago

Yes

Help others find the most helpful reviews
Was this review helpful to you?  

B 2 months ago

no, only the premiums are based on income

Help others find the most helpful reviews
Was this review helpful to you?  

StephenWeinstein 2 months ago

No, it is not "based on income".

Help others find the most helpful reviews
Was this review helpful to you?  

Rick 2 months ago

No
Medicare pays the same for a millionaire as it does for someone living off SS (however the one on just SS may qualify for Medicaid to help).
Plus the millionaire will pay higher Part B premiums but the payout by Medicare is the same

Help others find the most helpful reviews
Was this review helpful to you?  

Flower 2 months ago

No, Medicare pays a percentage of what the doctor bills them for acording to a billing code. All doctors charge different prices so you have to ask how much Medicare usually pays for a service rendered. Medicare pays about 70 to 80% of most services and you pay the balance unless you have a Medigap policy which would cover the balance or you are enrolled in Medicare Advantage which is like an HMO. They may have monthly premiums in additon to Medicare Part B premiums. But Medicare is not based on your income. Medicaid eligibility for seniors over 65 is based on your income but Medicaid still covers 100% regardless of income. And some counties have a required share of the cost you must pay.

Help others find the most helpful reviews
Was this review helpful to you?  

Mr. Smartypants 2 months ago

No. It costs the same no matter how much you have. Part A is free, Part B is like a supplement. Part D is prescription drugs. And you can get commercial insurance to supplement parts A and B. Your income makes no difference, though if you're poor enough you could qualify for Medicaid.

Help others find the most helpful reviews
Was this review helpful to you?  

daniel g 2 months ago

For retired seniors, everything is covered without cost. 3rd party medicines are reimbursed to the tune of 80% or more.
Healthcare is going through a restructuring, doing away with the competition to private insurance.
That is still optional though,and hopefully, private insurance will become reasonable again for those that can afford it.

Help others find the most helpful reviews
Was this review helpful to you?  

Edwena 2 months ago

Yes. And it can be a substantial amount. Like an additional $6,000 per year taken out of your social security check.

Help others find the most helpful reviews
Was this review helpful to you?  

ckngbbbls 2 months ago

no, you are thinking of medicaid which is for low income people.

Help others find the most helpful reviews
Was this review helpful to you?  

Post a Answer

Your comment was successfully posted!

Or use your account on Blog

Error message here!

Hide Error message here!

Forgot your password?

Or register your new account on Blog

Error message here!

Error message here!

Hide Error message here!

Lost your password? Please enter your email address. You will receive a link to create a new password.

Error message here!

Back to log-in

Close