Health Insurance Programs for the Elderly by hkksew3563rd


									The elderly are vital in the American society. Those aged 50 years old and above own
75% of the country 鈥檚 total assets. 70% of the elderly population has real estates
signed on their name. Because of this, the government has been exerting effort to
reach out to the elderly people. Laws and policies have been passed in Congress to
assist them in their retiring age. One of these is the Medicare program for the
American citizens. Under the Social Security Act of 1965, Americans who are aged
65 and above are covered with a health insurance. This program aims to promote the
welfare and protection of the elderly through benefits for hospital and medical needs.
The Medicare program operates as a single-payer health care under the government 鈥
檚 regulation. It is composed of four parts: Hospital Insurance, Medical Insurance,
Medicare Advantage Plans, and Prescription Drug Plans. The benefits acquired from
this insurance program are subject to the American doctrine of Medical Necessity.
Hence, medical professionals have employed careful research in including every item
in each category in the list of benefits. Hospital Insurance covers the hospital
expenditures of the elderly for a maximum of 100 days. Costs of the first 20 days are
fully covered in the supplement Medicare insurance plans. This includes nursing
facilities in a semi-private room, meals, series of tests, and doctor 鈥檚 fees. A patient
who stays in the hospital for more than 20 days pays a portion of the hospital bill
amounting to $137.50 per day. Medical Insurance includes hospital services which
Part A does not include. These involve outpatient hospital facilities such as x-rays,
Influenza and Pneumonia vaccinations, blood transfusions, and ambulance
transportation. Expensive medications by private physicians are also covered by these
supplement Medicare insurance plans like renal dialysis, chemotherapy, and hormonal
treatments. In addition, this provides free Durable Medical Equipment and prosthetic
devices like walkers, cranes and wheelchairs, artificial limbs and breast prosthesis.
Part C and D include benefits which Hospital and Medical Insurance do not cover.
Medicare Advantage plans and Prescription Drug Plans are provided through private
health insurance plans. These include vision and dental care, health club memberships,
and prescription drugs for the elderly. These are channeled through a 鈥渘 etwork of
providers 鈥?by the private supplement Medicare insurance plans. Parts C and D are
approved by the government in line with the Medicare Prescription Drug,
Improvement, and Modernization Act of 2003.

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