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Medicaid Programs

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Medicaid Programs

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S. Nichole Sewell

AJS/522 - FINANCE AND BUDGETING IN JUSTICE AND SECURITY Instructor: HENRY PROVENCHER

Medicare is a national social insurance program, administered by the U.S. federal government since 1965, which guarantees access to health insurance for Americans ages 65 and older and younger people with disabilities as well as people with end stage renal disease (Medicare.gov, 2012). Medicare is a program that offers everyone a well defined benefit that includes different hospital parts. The Medicare parts are: Part A, Part B, Part C & Part D. Part A is known as hospital insurance. This part covers medical necessary such as hospital stay, nursing home, home health care and also hospice care. Medicare Part A is free to people who have worked and paid in Social Security for at least 10 years. There will be a monthly premium charge if you have not worked for at least 10 years and paid Social Security taxes. Part B is medical insurance that covers things such as doctor visits, medical equipment and various other forms of other outpatient services. Part B also covers mental health care and ambulatory services. To receive the Part B medical insurance you have to pay a monthly premium. Part C is the portion of your policy that allows private insurance companies to cover your medical expenses. This includes private health plans such as HMOs and PPOs. To cover the Part A and Part B benefits, Medicare offers a choice between an open-network single payer health care plan and a network plan where the federal government pays for private health coverage (Medicare.gov, 2012). Part D provides coverage for outpatient prescription drugs. It is provided only through private insurance companies

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