MEDICARE HEALTH INSURANCE
The Medicare health insurance program that is set up for the medical welfare of older people is administered by Health Care Finance Administration. It is designed to meet the medical requirements of people who are 65 years and older, disabled and suffering from end-stage renal failure requiring dialysis or kidney transplant. If you are a senior citizen looking for policies not covered by Medicare insurance, you should consider Medicare supplemental health insurance. Depending on your specific need.Information about the government program Medicare that provides health insurance coveage for adults over the age of 65, for the disabled and for those who have kidney failure and require dialysis. Find information on benefits, premiums, coveage and changes to the program, including the new drug benefit.
Medicare is a federal program that provides health insurance to retired individuals, regardless of their medical condition. Here are some basic facts about Medicare that you should know.
Medicare coverage consists of two parts: Medicare Part A (hospital insurance) and Medicare Part B (medical insurance). A third part, Medicare Part C (Medicare Advantage), is a program that allows you to choose among several types of health-care plans.
Generally known as hospital insurance, Part A covers services associated with inpatient hospital care. These are the costs associated with an overnight stay in a hospital, skilled nursing facility, or psychiatric hospital, including charges for the hospital room, meals, and nursing services. Part A also covers hospice care and home health care.
Generally known as medical insurance, Part B covers other medical care. Physician care--whether you received it as an inpatient at a hospital, as an outpatient at a hospital or other health-care facility, or at a doctor's office--is covered under Part B. Laboratory tests, physical therapy or rehabilitation services, and ambulance service are also covered.
The 1997 Balanced Budget Act expanded the kinds of private health-care plans that may offer Medicare benefits to include managed care plans and private fee-for-service plans. The new Medicare Part C programs are in addition to the fee-for-service options available under Medicare Parts A and B..