MEDICARE DISTRIBUTION
Medicare is a federal health insurance program that was created in 1965 for people aged 65 years, and above regardless of the social class they belonged in. The health care plan was later expanded in 1962 to include people living with disabilities who were below the age of 65 years. Currently, the Medicare plan plays a considerable role in the provision of health care to over 6o million people who are 65 years and above and also those who are living with disabilities.
The costs for the Medicare plan are divided into different parts that attract different premiums. The first part is Part A premium attract premiums of $458 for each month in 2020. Part A hospital inpatient deductible and coinsurance attract premiums depending on the benefit period. For 0-60 days, the beneficiary will pay $0, 61-90 the recipient will pay $352 per each day the recipient uses Medicare plan, and for a period above 91 days, the beneficiary will pay $704 for each coinsurance lifetime beneficiary from Medicare plan. Plan B premium has a standard monthly amount of $144, which increases with the rate of income; Plan B deductible and coinsurance has a base of $198 after the deductions have been made. Plans C and D premiums are all dependent on the income of the Medicare beneficiary. In its coverage, it takes care of various medical cases of the recipients. It covers the outpatient and inpatient care, drugs prescription and the physician’s services.
Medicare covers a large number of people in America, and it has facilitated easy access to health services for the people who are eligible for it. Although it is an excellent medical plan, it does not cover some of the necessary health care services that are essential to the older people and the ones who are living with disabilities. Some of the vital services that Medicare does not cover include the dentist services, hearing issues and also eyeglasses problems which are shared among the senior citizens.