A 10-Point Plan for Insurance (Without Being Overwhelmed)
Benefits Of Medicare Medicare is a program that has been put into place by a state so that it can help to provide medical cover for its aged people and those who have different disabilities and might not be able to pay their own bills due to their vulnerable circumstances. A government puts in place many ways and strategies of ensuring that they raise the money required for providing the health cover for people with disabilities and the old in age but the basic ways is by payroll taxes and other revenue generated being cut and added to the plan. The most common Medicare service provided is the Hospital Insurance which provides health insurance for all patients that are either old or disabled and are receiving medical attention at home by an authorized nurse, being attended to in a special nursing facility that is registered or are admitted in a hospital. The main source of funding for the Hospital Insurance comes from the regular specified percentage deductions made on the citizens salaries which has been agreed on by the concerned parties. Another type of Medicare is the Medical Insurance policy which usually covers a very wide range of products and services including doctors services such as consultation, medical supply which is either totally free or is provided at a very lower price as compared to the original price of the drugs and also preventive services such as regular medical checkups as long as the health institution offering these services is eligible. Additional services that are also taken care of by this Medical Insurance cover include vaccination of people against deadly diseases such as tuberculosis, treating of cancer through chemotherapy, physiotherapy for patients involved in accidents and laboratory tests carried out. The government sets aside a given percentage of its revenue to cater for expenses incurred in providing Medical Insurance to the patients while some of the money is as a result of the premiums paid by those who get to benefit from the cover. The government may also contract a private company and give it the mandate to provide Medical Insurance and Hospital Insurance policies for the elderly as well as disabled patients, and this programme is referred to as the Medicare Advantage Plan. This Medicare Advantage Plan include services such as Special Needs Plans which covers all patients with special needs, the Preferred Provider Organizations Plan and the Health Maintenance Organizations. The last form of Medicare is the Prescription Drug Coverage which enables a patient get easy access to drugs recommended by a doctor and the cover is funded by revenues, premiums and the government.