Medicare is the government health insurance program for older Americans, those 65 and older. As part of the healthcare discussion regarding the Affordable Care Act, or Obamacare, as many refer to it, there has been talk about expanding Medicare access, either to people younger than 65 or all Americans.
The most prominent Medicare expansion talk has been expanding the program to people as young as 55. If the government were to do that, it would allow several more million people to qualify. This would cost the government a lot more Read the rest of this entry »
Though Medicare is a tax-funded health insurance program available only to those 65 and older, it has many similarities to other private insurance plans on the market.
One similarity is the payment of a monthly premium. People using Medicare must pay the premium just like those with private insurance.
Another way in which Medicare is similar to other insurance plans is in the paying of co-pays and deductibles. Medicare users have to pay a deductible, or a set amount out of pocket, before the insurance starts paying there costs. As with many insurance plans, Medicare also has co-pays Read the rest of this entry »
Many people depend on Medicare to pay for prescription medicines. Medicare is financed through tax deductions from American workers. It is important that you fully understand Medicare and the treatments and prescriptions the plan covers. You can learn more about Medicare directly from their website. This is where you will find information about the program that is clear and easy to understand. Avoid learning about Medicare from other sources that may not be correct. Health care costs keep rising and many people who have Medicare also have supplement insurance. That’s because Medicare does not cover 100% Read the rest of this entry »
Like other amendments and laws that have passed through Congress, Medicare was written by politicians. Because of this, the language in your Medicare coverage pamphlets may be hard to understand. Luckily, the federal government provides assistance for individuals who have a hard time understanding the language in their Medicare pamphlets.
The State Health Insurance Assistance Program
Also known as the SHIP program, the State Health Insurance Assistance Program was specifically designed to give free counseling to people who need help with their Medicare plans. You can give Read the rest of this entry »
Medicare has a long and storied history in the United States. The program has been in effect since 1965 and provides medical coverage for American citizens who are over the age of 65 and for younger people who have disabilities. Other younger individuals with certain terminal illnesses also qualify for the Medicare program.
The History of Medicare
Since Medicare’s inception in 1965, the program has experienced many changes. The majority of these changes have affected the services that are offered to individuals covered under the Read the rest of this entry »