Are you a US resident looking for medical insurance services to protect yourself and your family from uncertain medical situations concerning disabilities or end-stage renal disease? Or a corporate or government employee searching for the topmost online tax filing services in the country? This article can be your guide to finding the top 5 medicare insurance companies, along with the 5 best tax filing service providers in the country, that could help you take a step closer to a secure future.
But, before knowing the names of the providers, let us know about what medicare insurance is and how online tax filing works in the USA.
What is Medicare Insurance?
Medicare is a federal health insurance program in the United States of America that provides medical insurance coverage for younger individuals and people aged 65 and older with disabilities. This health insurance program is administered by the Centers for Medicare & Medicaid Services (CMS) and primarily funded through payroll taxes. The entire program is divided into four parts, A,B, C, (comprising of Medicare Advantage) and D (Involving Prescription Drugs). Fundamentally, people aged 65 or older are qualified to enroll in this insurance program. Younger individuals with qualifying disabilities, such as end-stage renal disease (ESRD) or amyotrophic lateral sclerosis (ALS) are also eligible for this insurance. Apart from payroll taxes, other government funds and payments from beneficiers run this program.
Components of Medicare Insurance
The Medicare program has multiple components that include:
Medicare Part A (Hospital Insurance)
This component provides coverage for hospital stays, hospice care, nursing facilities, and a few home health care services.
Medicare Part B (Medical Insurance)
This part of the program is responsible for covering outpatient care, doctor services, medical supplies, and preventive services.
Medicare Part C (Medicare Advantage)
This component comprises a private health insurance plan approved by Medicare, encompassing Part A and Part B benefits along with the benefits of Part D.
Medicare Part D (Prescription Drug Coverage)
This part gives coverage to prescription drugs required for treatments.
Expenses for Beneficiers
Although this is a government-run program, beneficiaries often pay part of the costs through three mediums. The first one include the ‘Premium’ cost in which beneficiaries’ monthly pay for Part B and Part D. The second method is ‘Deductibles’, and it involves the amount a beneficiary pay before Medicare starts to pay on their behalf. Lastly, through ‘Coinsurance,’ the beneficiary’s share of the expense is covered as a percentage.
Top 5 Medicare Insurance Companies to Look For in the USA
Now that you are aware of this insurance program, you must be wondering through whom you can avail this facility. Listed below are the top 5 Medicare insurance providers in the USA:
UnitedHealth Group
This American health insurance care service provider is committed to help people live healthier lives and improve the health system for everyone. It provides Group Medicare Advantage HMO and PPO plans for retirees, Group Medicare Part D plans, Group Senior Supplement plans, and other group medicare insurance services with no additional cost.
Humana
Humana is another renonwned medical insurance service provider that offers Medicare plans, including Medicare Advantage Plans, Prescription Drug Plans, Medicare Supplement, and Special Needs Plans. Through the medicare advantage plans, beneficiaries can access services such as medication therapy management, veterans’ benefits, medicare advantage, and health options allowance.
Aetna
Aetna Medicare works in collaboration with CVS Caremark®. Aetna’s HMO, PPO, or HMO-POS plans encompass a Medicare Advantage plan with prescription drug coverage. By logging into the Aetna membership, beneficiaries can access these services.
Cigna
Cigna specializes in delivering health insurance services worldwide. In terms of medicare services, it provides medicare plans that include medicare advantage plans, medicare supplement insurance, and part D prescription drug plans.
AARP by UnitedHealthcare
AARP by UnitedHealthcare offer Medicare Advantage (Part C) plans and the benefits of Part A and Part B Medicare, with extra care services such as hearing, vision, dental, and prescription drugs.
Top 5 Online Tax Filing Services
The Internal Revenue Service (IRS) is the most trusted and government-led free tax filing service provider in the USA. Best online taxes are filed with the following online tax filing service providers trusted by the IRS:
eZTaxReturn
eZTaxReturn lets taxpayers aged 17-91 with AGI $84,000 or less file for free if living in a qualifying state, and may include free state returns if eligible for a federal return.
1040NOW.NET
It allows you to file an AGI of $76,000 or less if you reside in a qualifying state. 1040NOW also let active military personnel file AGI of $84,000 or less. However, it does not provide any free state tax return in any state.
OLT Online Taxes
OLT provides free federal return of AGI $48,000 or less and AGI $84,000 or less for active military tax payers. It also offers a free state return in all states if the taxpayer qualifies for a federal return.
TaxSlayer
TaxSlayer allows a free federal return for AGI of $48,000 or less, and AGI $84,000 or less. The eligibility criterion includes active military and EITC.
TaxAct
It allows filing for a free federal return of AGI $84,000 or less with the eligibility criterion of age 20-59 years. TaxAct also lets free state return if qualified.
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