A Resource Guide to Understanding Health Insurance, Medicaid, and Medicare

Health insurance coverage itself is likely not a foreign concept. Approximately 91% of Americans are insured, healthcare is often a significant topic during elections, and you’d be hard-pressed to find an adult in the US who hasn’t ever been to the doctor. We’ve all heard of health insurance. Understanding it is a different matter, however. 

The process is convoluted, and there are so many nuances that it can be easy to throw your hands up in the air and give up on ever trying to comprehend it. But it’s critical to understand something that can cost thousands of dollars a year and that can literally be the difference between life and death. 

That’s why we’ve put together this reference sheet. Listed below are seven links to articles and web pages developed to help you take back control over your healthcare.

health doctor

The Complete Guide to Health Insurance

Feel as though you don’t know anything about healthcare? This thorough guide to health insurance is a great place to start! Throughout the guide, you’re given definitions of some of the most commonly used healthcare terms, providing you a great foundation for understanding the industry. Additionally, it provides answers to key questions such as:

  • Do you need to have health insurance?
  • What are the different types of insurance plans?
  • What’s the difference between private and public insurance?
  • Who are the major insurance companies?
  • What exactly IS a premium?

The best part of this site though is that all the information was written to be understandable, so you won’t feel like you’re having to decipher hieroglyphics to know what they’re talking about.

Shot

Understanding Medicaid

This page gives you a brief overview of various aspects of Medicaid including:

  • Who’s eligible
  • What the universal benefits are
  • What the Children’s Health Insurance Program (CHIP) covers
  • How to apply for coverage
  • How to find a provider

It also includes links to the Medicaid sites for all 50 states (plus DC) as Medicaid is a joint federal-state program. Benefits and eligibility are going to vary state by state, so be sure to take advantage of this convenient resource. 

Pharmacy

Medicine Assistance Programs

Have you ever thought twice about whether you should pick up your prescription because you knew the cost was going to be burdensome? If so, you’re not alone. One solution that’s been created to tackle this problem is programs that work to get you free or discounted medicine. These can be either public or private and are often called “patient assistance” or “manufacturer’s aid” programs.

This site will tell you what information you need to gather to apply to one of these programs, and it’ll also give you a list of specific ones to apply to!

Researching Health Care

The Ultimate Guide to Medicare at Age 65

This guide to understanding Medicare lives up to its name! Discover answers to questions like:

  • Who’s eligible for Medicare?
  • Do you have to sign up at age 65?
  • When exactly should you sign up for your plan?
  • How should you supplement Medicare? 

With 10 chapters chock-full of detailed information, helpful visuals, tables, and website screenshots, you’ll finish this extensive guide having discarded feelings of uneasiness and confusion about all things Medicare. And if reading isn’t your thing, the site also links to a video webinar that covers much of what’s found in the written guide!

Dentist

Do Medicaid and Medicare Offer Dental Insurance?

If you’re thinking about enrolling in Medicaid or Medicare, did you know that you may not have dental insurance covered? Neither Medicaid nor Medicare is required to offer dental care for adults. So what do you do then? You can’t joyfully avoid going to the dentist forever.

Read this article to learn more about coverage children have as well as your own dental care options as a user of Medicaid or Medicare.

House

The Guide To Keeping Your Home Through Debilitating Disease

We admit it, it’s not the most uplifting or exciting topic to think about. But that doesn’t make it any less important. Ensuring your finances stay healthy during a time when your body isn’t is crucial for keeping you and your family’s stress levels. 

One of the biggest financial tolls chronic diseases have manifested itself in the form of foreclosure. This site’s resource guide dives into four steps you can take to ensure this doesn’t happen to you:

  • Know your financial situation
  • Budget
  • Communicate with your bank
  • Find help specifically for those with your condition
Aging

Who Needs Long-Term Care Insurance?

Finally, long-term care. First of all, what is it? Well, it’s care for those who need help completing activities such as getting dressed, bathing, or eating. Long-term care insurance (LTC) ensures you have coverage in case you find yourself in need of these services. 

This article discusses:

  • Why you need this insurance (spoiler alert: your health and disability insurance likely won’t cover long-term care)
  • When you need to start thinking about getting it
  • What types of policies are out there
  • Where you should buy your insurance coverage

As you can see, health insurance, Medicaid, Medicare, and all things that come with taking care of your health aren’t so tricky to understand after all if you’re willing to devote a little time to research them. We hope these links help you in your journey to becoming a better advocate for your health! If you found any of them useful, be sure to bookmark this article so you can reference it moving forward.