If you are wondering about the traditional Medicare program and Railroad Medicare insurance program, then you may be asking what the difference between the two is. You might even ask about what’s special about Railroad coverage where the people enrolled in this kind of health insurance preferred it rather than going with the traditional Medicare.
Basically, there is no significant difference that you will see with Railroad insurance coverage and traditional Medicare. The only difference is that Railroad health insurance plans are usually given to railroad retirement annuitants and their families. Try to think of it as just like getting social security benefits when you retire.
With Railroad Medicare, the Part A plan will be able to cover hospitalization. This is financed through the payroll taxes that are paid by the employees as well as the employers when they were still working for the company. Railroad Part B, on the other hand, is financed by monthly premiums from you or the federal government revenue funds.
As you can see, the two programs are just basically the same. Even the eligibility requirements for both are practically the same. You need to be 65 years old or you need to be disabled.
These are the things that you have to remember about these program. You will see that there is not much difference between Railroad Medicare and normal Medicare. It just turned out that one is specially made for people who worked in the railroad industry while the other is setup to cover the broad population.