When it came down to finding out which policy I wanted to choose I knew automatically that Medicare was the right choice. I didn't pick this policy simply because I thought it was easy but because I feel like everyone should learn exactly what Medicare is. So many people think they know what Medicare is but in reality they don’t understand the fundamentals about it. It's so much more than just a health coverage benefit. It's important to understand and stay educated about things like this even if we are nowhere near 65 years. I thought it was important to learn about Medicare and teach my classmates what it's all about so that when they do reach that age they are not completely confused about all the rules and regulations Medicare has. The …show more content…
It's better to be educated and know the basics of what Medicare consists of rather than being clueless and not knowing the steps it takes to get this incredible benefit. “ As of 2019, Medicare covered more than 56 million people in the United States. That number is increasing rapidly, due to rising life expectancies as well as approximately 10,000 U.S. baby boomers turning 65 each day”. There are so many people using Medicare and this is what is declining the amount that this benefit holds. (Fallon) So what really is Medicare? “Medicare is a U.S. government health insurance program. The plan covers people aged 65 or older, younger ones with disabilities, and patients with end-stage renal disease”. (Kagen) This was designed so that people can have a fighting chance at life and not be in hundreds of thousands of dollars in debt for things they simply cannot control. Our world would never be the same if we didn't have this benefit. With this policy it has 4 parts to it, Part A, B, C,and D. Each of these covers something different which can make Medicare a little …show more content…
This simply refers to the Medicare Advantage program in which it provides the same benefits as Part A and B however, it comes with other advantages that you normally wouldn't have such as assistance with vision, hearing, and dental care. Those three can be extremely expensive and the older people get the more those will be needed. Again Plan C isn't acquired, it's just recommended. The premium and deductible differ depending on which plan one may choose along with a person's overall annual income. It's usually never the same for everyone. Lastly, there's Part D which is the prescription drug benefit. This helps cover the expense of medications for those who simply cannot afford. It's never a true guarantee that it will pay for the medication in full but it does help cover some to where one doesn't have to go without. This Plan can be either super beneficial or it cannot at all it just depends on what certain medications a person is taking or needed. The premium and deduction fee for this also varies like Plan C depending on one's income and the certain plan they decide to choose. The tricky thing with each of these plans is it varies. One year it could be expensive and the other it can be really affordable. Medicare is just one of those things where it's not completely free and it's not necessarily cheap. It's important to keep that in mind because the costs now for Medicare could not be
Medicare Part C is a Medicare’s managed care benefit called Medicare Advantage plan. Each plan offers different benefits and different rules than traditional Medicare. Medicare Part D is the Medicare prescription drug coverage program; however, the cost and coverage varies by plan.
Whether the American government should cover Medicare, and to what extent, has been a highly controversial topic for many years. Senator Bernie Sanders, alongside a group of Democratic congressmen, have introduced a new plane called "Single-Player Health Care. " What this new bill proposes, is a new way to completely cover the American people with health care within the next decade. The Op-ed "Single-Player Heath Care- a bad idea Democrats Love," written by U.S. Senator John Barrasso of Fox News, argues that Single-Player healthcare is not something that will benefit the American people. On the contrary, "Bernie Sanders: Why we Need Medicare for all”, by Senator Bernie Sanders of The New York Times, argues that the act would prove as extremely
Medicare is our country’s health insurance program for people ages 65 and older. Certain people younger than 65 can still qualify for Medicare, including those who have disabilities. In 2006 there were over 38 million people receiving Medicare benefits in the United States. Blue shield is a form of Medicare. Blue shield is a health care that is in the U.S. and Canada.
Epstein, Saif S. Rathore, Caleb Alexander, and Jonathan D. Ketcham has given the view of the physicians on Part D of Medicare. In this peer reviewed article the authors also has done some research to examine the attitude of physicians about the impact of Medicare Part D. The authors tried to research on how Medicare Part D varied among the senior citizen specially the citizen has Medicare and Medicaid dual eligibility. For the study they have designed a web based survey in four states North Carolina, Florida, Texas and Massachusetts. However, the researchers mainly focused of the differences in result of North Carolina from the other states.
CHIP will then cover any outstanding medical expenses for the families. Medicaid is a medical program created by the government for citizens with very low income. Additionally, Medicare is a medical coverage program paid through the government paid for by taxes, which covers individuals over the age of 65 who are retired and are no longer in the
Understanding Medicare Part D (Prescription Drug Coverage) the benefits of Medicare, a significant healthcare program, that provides comprehensive benefits to retirees in order to fulfill their healthcare needs cannot be overemphasized enough. There are several parts to the program based on specific healthcare needs including Part A, B, C, and D. While every plan has specific advantages, it is important to understand the plan D in detail before deciding to opt for the Medicare prescription drug coverage. In this article, we are going to discuss the specifics and benefits of Medicare Part D in more detail. Specifics and benefits of Medicare Part D
July 30, 1965 Pres. Lyndon B. Johnson signed a bill into law that led to the establishment of Medicare and Medicaid. Medicare is a program that provides health insurance for Americans that are of the age of 65 and older and people that are even younger that have severe disabilities or other health conditions. When Medicare started it consisted of two parts Medicare part
That is why it can be difficult for you to choose the right plan. Every state has several Medicare prescription plans. In fact, there are 45 in Alaska and 57 in the Pennsylvania/West Virginia region. You may have to pay a higher premium for one of these plans. Some plans will
Because of reviewing the “Political Irony” and comparing the lesson it made me review and question several factors in the PPACA legislation what and how does this legislation offer Americans? As I view health care where it stands today, where it has mitigated from in the past decade it baffles my mind. It was in the 1960’s, when Lyndon B. Johnson brought about the first change for Americans health care to a system that required help. Medicare was implemented under Title XVIII of the Social Security Act to provide health insurance to people age 65 and older, regardless of income or medical history due to its price and its unaffordability by people over the age of 65. In that same year under the Social Security Amendments of 1965 Medicaid
In order to help insure all these millions of people there are new taxes mostly on the high earners who would be heavily taxed in order for the plan to be effective. In order to get exemptions you’ll need to submit a form. One of the cons is that some insurers have narrowed their network. This means there are fewer healthcare providers. While smaller reduce prices overall it leaves consumers with few options to choose from.
Previously, medical costs were largely paid for by individual patients through out-of-pocket expenses or private insurance premiums. While the Affordable Care
If you have Medicare, you might be looking for a way to supplement your coverage. You might already know that you have two main choices to look into -- either Medicare supplement insurance or a Medicare Advantage plan -- but you might not be sure which one you should choose. Although either type of coverage can help you get more out of your healthcare coverage, a lot of people who have Medicare coverage prefer a Medicare supplement plan. These are some of the reasons why you might prefer it as well.
Medicare is a federal health insurance program for people over 65, people with certain disabilities, and people with end-stage renal disease. It can be a complex and confusing process to choose the right Medicare insurance plan. Here are four of the common mistakes people make when choosing a Medicare insurance plan: Not researching all the available options Many people do not research all the available options when choosing a Medicare insurance plan. They may stick with the first plan they come across or the one their friends and family recommend.
This is causing Americans to not be as healthy as they could be. Bernie Sanders came up with a plan that is very different than what is currently in place. Chris Jacobs who writes for the Wall Street Journal said, “While Mr. Sanders claims that his bill would extend Medicare for all, it would instead create and entirely new program while borrowing the Medicare name” (Jacobs). This is the right thing to do because right now the system needs help, and a big change is the best way to improve it. His plan includes many benefits that would solve the problems of the current plan.
Medicare is funded by taxpayers, with money coming out of each paycheck, social security benefits. I believe this is effective as of right now, but I do not believe that by the time I turn 65 medicare will be running effectively. Medicaid is funded by state and federal governments. With states covering over half the cost. I believe funding programs and organizations that help provide care and inform our citizens is a great resource it will lead to less costs of healthcare for care that could have been avoided.