Coming Soon
Subscription Marketplace - Buy and sell subscription products and services
0 like 0 dislike
459 views
in Articles by
Medicare is a governmental program which provides
medical insurance coverage for retired persons over
age 65 or for others who meet certain medical
conditions, such as having a disability.

Medicare was signed into legislation in 1965 as an
amendment to the Social Security program and is
administered by the Center for Medicare and Medicaid
Services (CMS) under the Department of Human Services.

Medicare provides medical insurance coverage for over
43 million Americans, many of whom would have no
medical insurance. While not perfect, the Medicare
program offers these millions of people relatively low
cost basic insurance, but not much in the way of
preventative care. For instance, Medicare does not pay
for an annual physical, vision care or dental care.

Medicare is paid for through payroll tax deductions
(FICA) equal to 2.9% of wages; the employee pays half
and the employer pays half.

There are four "parts" to Medicare: Part A is hospital
coverage, Part B is medical insurance, Part C is
supplemental coverage and Part D is prescription
insurance. Parts C and D are at an added cost and are
not required. Neither Part A nor B pays 100% of
medical costs; there is usually a premium, co-pay and
a deductible. Some low-income people quality for
Medicaid, which assists in paying part of or all of
the out-of-pocket costs.

Because more people are retiring and become eligible
for Medicare at a faster rate than people are paying
into the system, it has been predicted that the system
will run out of money by 2018. Health care costs have
risen dramatically, which adds to the financial woes
of Medicare and the system has bee plagued by fraud
over the years.

No one seems to have a viable solution to save this
system that saves many people throughout the country.

Please log in or register to reply to this topic.

Related topics

0 like 0 dislike
0 replies 589 views
posted in Articles by Butcherry
0 like 0 dislike
0 replies 548 views
posted in Articles by Cybora
0 like 0 dislike
0 replies 682 views
posted in Articles by Prepatriarch
0 like 0 dislike
0 replies 495 views
posted in Articles by Knightmare
0 like 0 dislike
0 replies 571 views
0 like 0 dislike
0 replies 528 views
posted in Articles by TwinNut
0 like 1 dislike
0 replies 1,539 views
posted in Articles by Explorer
0 like 0 dislike
0 replies 870 views
posted in Articles by FoolishJaguar
0 like 0 dislike
0 replies 597 views
posted in Articles by HairyFoal
0 like 0 dislike
0 replies 482 views
posted in Articles by Hawkward
0 like 0 dislike
0 replies 637 views
posted in Articles by Titank
0 like 0 dislike
0 replies 598 views
0 like 0 dislike
0 replies 522 views
posted in Articles by AfternoonFay
0 like 0 dislike
0 replies 756 views
0 like 0 dislike
0 replies 567 views
posted in Articles by PerfumedNecromancer
0 like 0 dislike
0 replies 576 views
0 like 0 dislike
0 replies 512 views
posted in Articles by TrainedGuy
0 like 0 dislike
0 replies 839 views
posted in Articles by MammothMoth
0 like 0 dislike
0 replies 594 views
posted in Articles by BunBunny
0 like 0 dislike
0 replies 555 views
posted in Articles by Oystrich
0 like 0 dislike
0 replies 526 views
posted in Articles by Conjursa
0 like 0 dislike
0 replies 489 views
posted in Articles by KeyboardPie
0 like 0 dislike
0 replies 506 views
posted in Articles by BouncyOracle
0 like 0 dislike
0 replies 505 views
posted in Articles by HarmlessRose
0 like 0 dislike
0 replies 915 views
posted in Articles by Richard S.
0 like 0 dislike
0 replies 530 views
0 like 0 dislike
0 replies 452 views
posted in Articles by MorningFortune
0 like 0 dislike
0 replies 496 views
posted in Articles by CharmingChamp
0 like 0 dislike
0 replies 480 views
posted in Articles by Slayerk
0 like 0 dislike
0 replies 480 views
posted in Articles by Robottom
0 like 0 dislike
0 replies 456 views
posted in Articles by Tomatoad
0 like 0 dislike
0 replies 484 views
posted in Articles by GraveGrass
0 like 0 dislike
0 replies 464 views
posted in Articles by DopeyPotato
0 like 0 dislike
0 replies 520 views
posted in Articles by DreamBaby
0 like 0 dislike
0 replies 521 views
posted in Articles by HistoryGuy
0 like 0 dislike
0 replies 442 views
posted in Articles by Falconjurer
0 like 0 dislike
0 replies 614 views
posted in Articles by Celestiger
0 like 0 dislike
0 replies 577 views
posted in Articles by TrustyKitty

55,459 topics

594 replies

3 comments

1,623,835 users

Connect with us:
...