Give a quick overview of Medicare, and discuss 3 advantages and 3 disadvantages of enrolling in a Medicare-managed care plan.
If eligible, would you choose to enroll in a plan? Why or why not?
Medicare is a federally funded medical plan for Americans ages 65 and over that covers medical expenses, doctor's visits, hospital stays, drugs etc. In 1965 Congress passed a law that established Medicare. In 1972 that law was amended to include the disabled and those who suffer from end stage renal disease. Medicare operates similarly to a single-pay health system.
Medicare consists of two main parts: Parts A and B as well as two additional parts that provide extra flexibility and prescription drugs- Parts C and D.
Part A: Hospital insurance that paysd for hospital stays. It includes meals, medical supplies needed to help the ...
This solution provides an overview of Medicare insurance and discusses the advantages and disadvantages of Medicare managed-care plans.