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. A government puts in place many ways and strategies of ensuring that they raise the money required for providing the health cover for people with disabilities and the old in age but the basic ways is by payroll taxes and other revenue generated being cut and added to the plan. Hospital Insurance is an example of Medicare and it involves providing medical cover for inpatients at a hospital recognized by the state, those receiving specialized care at a nursing home that is authorized or even those who are receiving the same specialized care in their own homes as long as they are within the description of those that can be covered. This Hospital Insurance is only funded by payroll taxes deducted from the people’s salaries at the end of the month or after a given period of time but on a regular basis. Another common form of Medicare is the Medical Insurance cover, a program that is meant to provide insurance cover for many health products and services received by a patient including regular checkups to ensure infections are noticed early, consulting a doctor and also the drugs that have been prescribed are offered for free or a small cost. 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. Money for Medical Insurance is generally derived from revenues that are gathered from the taxing system and also the small premiums which are paid regularly by the beneficiaries of the program. The government may also contract a private company and give it the mandate to provide Medical Insurance and Hospital Insurance policies for the elderly as well as disabled patients, and this programme is referred to as the Medicare Advantage Plan. This Medicare Advantage Plan include services such as Special Needs Plans which covers all patients with special needs, the Preferred Provider Organizations Plan and the Health Maintenance Organizations. The Prescription Drug Coverage is the final cover that is paid for by the state, some premiums and taxes and allows patients access to medicines the doctor instructs.
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