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Case Study: My Experience With Providers

Importance Of Medicare Medicare refers to a strategic plan put into play by a government and that is meant to provide a health insurance cover for the elderly in society as well as those who are disabled so that to ensure that they are able to access medical services but at a lower cost. Usually, the government is able to meet the cost of having to pay for the medical care received by the aged and those with disabilities by ensuring that all people in the country pay a monthly subscription by from their salaries which is automatically deducted and also from all taxes obtained. The most common Medicare service provided is the Hospital Insurance which provides health insurance for all patients that are either old or disabled and are receiving medical attention at home by an authorized nurse, being attended to in a special nursing facility that is registered or are admitted in a hospital. The entire Hospital Insurance is met by ensuring that a given percentage of salaries is cut as set by the payroll taxing system. The second example of Medicare is the common Medical Insurance which is the most expansive form of Medicare and covers the supply of medicine at a subsidized price, the all services that can be provided by the doctor including consultation or therapy as well as and other medical checkups such as scanning and x-ray. There are many other services that can be covered in the Medical Insurance policy which also includes blood transfusion for patients who have lost a lot of blood, outpatient services, preventive services such as immunizations, getting dialysis in the case of patients suffering from diabetes as well as the extensive process of cancer treatment. The government sets aside a given percentage of its revenue to cater for expenses incurred in providing Medical Insurance to the patients while some of the money is as a result of the premiums paid by those who get to benefit from the cover. The other Medicare programme available is the Medicare Advantage Plan which is offered by a private firm that has been given a contract of providing the health cover by the government, and the firm is tasked with ensuring that patients are provided with both Hospital Insurance as well as Medical Insurance covers whenever they are needed. Services that are covered by the Medicare Advantage Plan include the Medicare Medical Savings Account which provides the patient with a place to save for their future medical needs when they become sick, the Private Fee-For-Services Plans where individuals can request for their own personal health services. There is also the Prescription Drug coverage which allows for patients to get access to the different medical products that have been prescribed by the doctor, and this cover is mainly funded by premiums paid, state payments as well as general revenues from tax.

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