ipl-logo

Persuasive Essay On Obama Care

545 Words3 Pages

With the changes in the healthcare industry, including the so-called Obamacare law, soon-to-be retirees in places like Northwest Indiana are well advised to carefully look into their options in Medicare insurance. Keep in mind that, as your age advances, your needs in medical insurance changes and you must keep up with these changes so that your retirement will be more enjoyable for it.
Medicare Shoulders the Bill
Medicare is a national social insurance program guaranteeing access to medical insurance for specific cohorts including senior citizens (individuals age 65 and above) as well as younger people with disabilities, end-stage renal disease, and Lou Gehrig's disease. You will soon obviously fall into the first category wherein most Medicare …show more content…

On average, the social insurance program shoulders approximately one-half - 48%, to be exact - of the total bills but the actual amount can vary depending on the coverage chosen (i.e., Part A, Part B, Part C, and Part D). Our suggestion: Talk with the expert inMedicare insurance here at Hefty Insurance so that you can choose which of the Medicare Parts will best serve your needs.
Medicare Pays First
Let's assume that you have group health plan coverage (retiree) from your former employer and it is time to pay your medical bill. Who pays first? In general, Medicare pays first and then the group health plan provider pays second.
Keep in mind that the group health plan may or may not work in the same way as your chosen Medicare health insurance. You must then find out:
€ If you can actually continue employer coverage after your retirement since employers are not required to offer retiree coverage
€ The price, benefits and coverage of the retiree plan including coverage for your spouse and type of coverage (i.e., stop loss)
€ The effect of your Medicare insurance on the retiree coverage (Keep in mind that enrollment in Medicare Part A and Part B may be required to enjoy the full benefits of your retiree

Show More
Related
624 Words | 3 Pages

Medicare is a federal government administered healthcare program originally implemented on July 1, 1996. Medicare has four parts (A, B, C and D) that provide different areas and differing levels of coverage. All Medicare programs provide coverage for cover healthcare services to qualifying individuals, known as beneficiaries, which includes Social Security beneficiaries over the age 65, people under 65 with certain disabilities, and people of all ages with end-stage renal disease. Each program provides coverage for medically necessary care and services to covered beneficiaries and has deductibles or copays for covered services. Medicare Part A, Medicare Part B and Medicare Part C all provide coverage for medical services.

Read More
742 Words | 3 Pages

Part A coinsurance including 365 days additional coverage after original Medicare coverage ends; Medicare Part B copayment; free first 3 pints of blood needed; hospice care Part A coinsurance payment, skilled nursing facility care coinsurance, Part A deductible, Part B deductible, Part B excess charges and 80% foreign travel emergency care (up to plan limits). Plans G: Part A coinsurance including 365 days additional coverage after original Medicare coverage ends; Medicare Part B copayment; free first 3 pints of blood needed; hospice care Part A coinsurance payment, skilled nursing facility care coinsurance, Part A deductible, Part B excess charges and 80% foreign travel emergency care (up to plan limits). Plan K: Part A coinsurance including 365 days additional coverage after original Medicare coverage ends; 50% of Medicare Part B copayment; 50% free first 3 pints of blood needed; 50% hospice care Part A coinsurance payment, 50% skilled nursing facility care coinsurance and 50% of the Part A

Read More
862 Words | 4 Pages

In the United States, Medicare is the program supports people over age 65 with medical care. It also provides support for persons with certain disabilities and people of all ages who have kidney failure. Medicaid is a state administered program that provides medical support for a broad range of people. However, each state administers Medicaid individually and this creates inconsistencies in the program across the country. There are specific rules for judging just how much money someone receiving Medicaid can make and be eligible.

Read More
1030 Words | 5 Pages

An individual is eligible to receive Medicare Part C, if they have the original Medicare option. Finally, Medicare Part D coverage is for anyone who is patriciate in Medicare Part A or Part B. The concept of registering for Medicare prescription drug plan is voluntary and individuals will pay an extra monthly premium for that coverage.

Read More
1072 Words | 5 Pages

Even having good health insurance is no guarantee of getting the best health care in the US and copays and deductibles still make it hard for most families to afford healthcare. Families covered by health plans without disabilities receive good coverage, however if the family has patients with special needs, they find themselves with limited coverage. In addition, should the employer change health insurance companies, families may be limited or without trusted specialty physicians to care for their loved ones. Quality of care and cost of care are major concerns for many people especially aging individuals, more so in the United States. With an increase in Alzheimer’s and

Read More
523 Words | 3 Pages

1. Medicare and Medicare are both Federal health care programs. However, Medicare is an insurance plan that supports people mainly over 65 that have paid into federal insurance taxes, and Medicaid is an assistance program that assists low-income citizens of all ages. Premiums are paid for non-hospital care in Medicare. There are no premiums for Medicaid, but occasionally a co-pay is required.

Read More
469 Words | 2 Pages

Because Medicare is run by the federal government, its coverage, rules and guidelines are basically the same everywhere in the United States. With this program patients pay part of the costs through deductibles for hospital stays and they are required to pay monthly premiums health care services. Medical bills are paid from trust funds which those covered have paid into. Medicare has four parts: Part A: offers

Read More
781 Words | 4 Pages

Medicare is a federal government health insurance program for individuals 65 or older, under 65 with disabilities, or any age with End Stage Renal Disease of ALS. Medicare Part A covers inpatient hospital stays or skilled nursing facilities. Medicare Part B covers physician visits, outpatient services and some preventive care. Medicare Part D is the prescription drug coverage. Medicare Advantage (Part C) includes Part A, Part B and usually Part D depends on the coverage you choose.

Read More
848 Words | 4 Pages

The growing premiums and deductibles seem to have a growing effect on people who struggle with paying for a regular hospital bill or prescription. In some cases, like for Janice S. from the article Bitter Pill, who struggles with the idea of saving money for future expenses if her Medicare can’t pay for a part of her bills as a nearing senior, “They could be required to pay premiums based off their incomes, with the poor paying low premiums and the better off paying what they might have paid a private insurer.” It’s a cross roads, but with a German model, there is a different scenario. There is an option in germany that allows people to pay their premiums based off of their own incomes that goes to several insurance companies, these funds are established as “sickness funds”. These sorts of funds lead to competition between doctors; especially, since there are times where doctors feel underpaid.

Read More
664 Words | 3 Pages

However, younger people may qualify if they have received 24 consecutive months of Social Security disability benefits, along with other specific requirements. There are four parts to Medicare’s benefits. Original Medicare includes Part A and Part B. Part A generally covers hospital care and hospice care, and Part B (Original Medicare) covers services such as medical care, durable medical equipment, and supplies, and some preventative services. Part A is funded primarily through a dedicated payroll tax paid by employers and their employees, while Part B is financed through a combination of general revenues, premiums paid by beneficiaries, and interest.

Read More
704 Words | 3 Pages

Medicare is available to individuals regardless of income. According to an online source the benefits under Medicare come in four parts. Some parts require some payments of a monthly premium which is similar to what a private health insurance would require, but this program is not based on financial need. (Smith) The four parts of Medicaid are recognized as Part A, Part B, Part C and Part D. Part A, of Medicare is Hospital care, which covers the stay at the medical facility.

Read More
530 Words | 3 Pages

Well, Medicare if paid through two trust fund accounts held by the U.S. Treasury and can only be used for Medicare. One of them is the Hospital Insurance (HI) Trust fund that are the payroll taxes paid by most employees and or employers. Some other sources are; income taxes that are paid on Social Security benefits, the interest earned on the trust fund investments, and the Medicare Part A premiums from people who aren't eligible for premium-free Part A The other one is the Supplementary Medical Insurance (SMI) Trust Fund. The funds are authorized by Congress, and the premiums from people enrolled in Medicare Part B (Medical Insurance) and Medicare prescription drug coverage, which is part D. Other sources, like interest are earned on the trust fund investments.

Read More
553 Words | 3 Pages

Each state creates its own Medicaid programs, following federal guidelines. Medicare has 15% of the federal budget compared to Medicaid’s 10%. If you qualify for both Medicare and Medicaid, you are considered to be “dual

Read More
706 Words | 3 Pages

Medicare Part A is known as hospital insurance; Part A covers inpatient hospital care, limited skilled nursing care facilities, certain home health care services, and hospice care. Medicare Part A will also cover certain medical equipment for older and disabled participants such as walkers and wheelchairs (MedicalNewsToday, n.d). In order to qualify for premium free Part A benefits, a person would have had to work at least 10years and paid Medicare taxes during their working period. Medicare Part B is called Supplementary Medical Insurance (SMI); Part B covers select medical expenses such as office visits, blood test, X-rays, diabetic

Read More
542 Words | 3 Pages

This is a plan that you have automatically. When you apply you are automatically in Medicare part A. This does not cover doctors’ fees, it covers your hospital or nursing home fees. Medicare Part A covers about 80% of your Medicare approved inpatient cost for the first 60 days of a hospital stay. If you are in the hospital for longer than 60 days you will have to pay a larger share of the costs.

Read More

More about Persuasive Essay On Obama Care

Related Topics

Open Document