Medicare, in the US is a social insurance program provided by the federal government to provide health insurance coverage to the following group of people.
- Elderly workers and their dependents,
- Individuals who become totally and permanently disabled
- End stage renal disease (ESRD) patients.
Thus Medicare is a critically important source of health insurance for over 44 million Americans. Those on Medicare also have the additional choices associated with the Medicare prescription drug benefit.So what are the different basic parts of Medicare? These are the four basic parts. Medicare Part A is about Hospital Insurance and helps cover your inpatient care in hospitals. It can also help to cover skilled nursing facility, hospice, and home health care under certain conditions.
Medicare Part B is concerned with Medical Insurance and helps cover medically-necessary services like doctors’ services and outpatient care. It also helps cover some preventive services to help maintain your health and to keep certain illnesses from getting worse.
Medicare Part C (Medicare Advantage Plans) is another way to get your Medicare benefits. It combines Part A, Part B, and, sometimes, Part D coverage. Medicare Advantage Plans are managed by private insurance companies approved by Medicare. These plans must cover medically-necessary services. However, plans can charge different co-payments, co-insurance, or deductibles for these services.
Medicare Part D (Medicare Prescription Drug Coverage) helps cover prescription drugs. This coverage may help lower one’s prescription drug costs and help protect against higher costs in the future.
Detailed information from official Medicare site is at http://www.cms.hhs.gov/home/medicare.asp
If you already have Medicare go to http://www.medicare.gov/
To keep up with the latest changes in America’s health insurance coverage system, go to the link, http://usgovinfo.about.com/
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