Medicare

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Related to original Medicare: Medicare Part B

Medicare

A United States government program providing certain kinds of medical care to persons over 65 years of age. Medicare is funded by the federal government and divided into several parts. Medicare Part A is free (or rather paid with taxes) and pays for visits to the hospital, as well as some other costs. Medicare Part B covers doctor visits if the elderly person pays an extra premium, and Medicare Part D pays for prescription drugs in exchange for a premium. Participation in Parts B and D is voluntary, but participation in Part A is automatic. See also: Medicaid, Social Security, Obamacare.

Medicare.

Medicare is a federal government insurance program designed to provide healthcare coverage for people 65 or older, certain disabled people, and people with chronic kidney disease.

Anyone who qualifies for Social Security is automatically eligible for Medicare at 65.

Part A, which covers hospital and certain other costs, is provided when you enroll. You can also sign up for Part B, which covers doctor visits and related costs, and Part D, which covers prescription medicines, at the same time.

You pay a separate premium for both Part B and Part D. The Part B premium is set annually and carries surcharges for people whose incomes are above the annual ceilings. Your Part D premium is determined by the private insurer plan you select. If you postpone applying for Parts B and D and don't have equivalent or better coverage -- called creditable coverage -- from another plan, you face a permanent surcharge when you do enroll.

You may also have a choice between Original Medicare, which is a fee-for-service plan run by the government, or a Medicare Advantage plan if one is available where you live. Medicare Advantage plans are private insurer plans.

References in periodicals archive ?
With this in mind, Arkansas plans offer no- to low-premiums combined with extra benefits that include dental, vision and hearing coverage not available under Original Medicare.
The law also stipulates that plans can no longer charge members more for than original Medicare for certain services such as chemotherapy and skilled nursing.
South Carolina residents with Original Medicare can create their free PHR at any time by visiting www.
Original Medicare is a heavy-handed, top-down, dictated reimbursement entitlement program.
3 Medicare Health Insurance Original Medicare Only 18.
Original Medicare cannot do this without raising taxes.
Even so, the impact of PPS will be dramatic - as dramatic, in my view, as the impact of the original Medicare program in 1965.
Together with the 16 ACOs previously approved by the Centers for Medicare & Medicaid Services (CMS), CHS has organized 31 ACOs approved for participation in the Shared Savings Program which include more than 2,000 participating physicians covering an estimated 300,000 Original Medicare beneficiaries in 13 states.
30, 2015 /PRNewswire/ -- In Mississippi, WellCare (NYSE: WCG) will offer eligible seniors an expanded variety of Medicare Advantage plans for 2016 that provide more benefits and services than Original Medicare.
All plans offer extra benefits not covered under Original Medicare and are designed to help beneficiaries better manage their health and limit out-of-pocket medical expenses.
Original Medicare paired with a stand-alone Part D prescription drug plan and perhaps a Medicare Supplement plan.
c THE MEDICARE ADVANTAGE PROGRAM PART C: The funding of a Medicare Advantage plan averages about 12 percent more than Original Medicare (Parts A and B).