Difference between revisions of "Medicare"
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Medicare is a [[health insurance]] program for people 65 or older, certain people under 65 with disabilities, and people of any age with End-Stage Renal Disease. Medicare is administered by the U.S. Federal government. The program is funded by a [[payroll tax]], [[premiums]] and surtaxes from beneficiaries, and general revenue. | Medicare is a [[health insurance]] program for people 65 or older, certain people under 65 with disabilities, and people of any age with End-Stage Renal Disease. Medicare is administered by the U.S. Federal government. The program is funded by a [[payroll tax]], [[premiums]] and surtaxes from beneficiaries, and general revenue. | ||
| − | Medicare consists of four different parts: | + | The Medicare Program consists of four different parts: |
| − | *[[Part A|Medicare Part A]] – Hospital insurance which includes [[inpatient|Inpatient care]] [[hospital]] care, inpatient care in a [[ | + | *[[Part A|Medicare Part A]] – Hospital insurance which includes [[inpatient|Inpatient care]] [[hospital]] care, inpatient care in a [[skilled nursing facility]], [[hospice care]], and some [[home health services]]. |
*[[Part B|Medicare Part B]] – Medical insurance which includes [[physician services]], [[outpatient care]], [[durable medical equipment]], [[home health services]], and many [[preventive services]]) | *[[Part B|Medicare Part B]] – Medical insurance which includes [[physician services]], [[outpatient care]], [[durable medical equipment]], [[home health services]], and many [[preventive services]]) | ||
*[[Part C|Medicare Part C]] – [[Medicare Advantage]] (MA) - Medicare-approved private insurance companies provide all Part A and Part B services and may provide prescription drug coverage and other supplemental benefits. | *[[Part C|Medicare Part C]] – [[Medicare Advantage]] (MA) - Medicare-approved private insurance companies provide all Part A and Part B services and may provide prescription drug coverage and other supplemental benefits. | ||
*[[Part D|Medicare Part D]] – The [[Prescription Drug Benefit]] - Medicare-approved private companies provide outpatient [[prescription drug coverage]]. | *[[Part D|Medicare Part D]] – The [[Prescription Drug Benefit]] - Medicare-approved private companies provide outpatient [[prescription drug coverage]]. | ||
Revision as of 02:05, 16 February 2017
Medicare is a health insurance program for people 65 or older, certain people under 65 with disabilities, and people of any age with End-Stage Renal Disease. Medicare is administered by the U.S. Federal government. The program is funded by a payroll tax, premiums and surtaxes from beneficiaries, and general revenue.
The Medicare Program consists of four different parts:
- Medicare Part A – Hospital insurance which includes Inpatient care hospital care, inpatient care in a skilled nursing facility, hospice care, and some home health services.
- Medicare Part B – Medical insurance which includes physician services, outpatient care, durable medical equipment, home health services, and many preventive services)
- Medicare Part C – Medicare Advantage (MA) - Medicare-approved private insurance companies provide all Part A and Part B services and may provide prescription drug coverage and other supplemental benefits.
- Medicare Part D – The Prescription Drug Benefit - Medicare-approved private companies provide outpatient prescription drug coverage.
