Pros And Disadvantages Of Medicare

What is Medicare insurance? Medicare is a federal health program for an individual between the age 65 and older. Medicare has also helped certain younger people who suffer from some type of disability and also help an individual with kidney failure and need to place on a dialysis machine or need an organ transplant. Medicare insurance was created in the year 1965 it was signed by president Lyndon b, Johnson to help those Americans at the age of 65 who was not covered by health insurance received some types of insurance this insurance will be called Medicare. In the year 1972, Medicare starts to expand their program to people with disability and also patient suffering from kidney failure that required dialysis or needed an organ transplant to

The first advantages of Medicare is individual will paid a low monthly premium and few individual will not have to pay any premium. The second advantage of Medicare is for individual either enroll in Type A or B insurance can also apply for the advantage plan which give them access to different health insurance contract, for instance, HMO, PPO, PFFS, and SNPs these program also help those switch to any other provider and paid for their prescription. The third advantage is for individuals regardless of their health histories they accept to sign up for Medicare insurance unless they suffering from end-stage renal kidney disease. The four Advantage for Medicare is individual can sign up for Medicare Medical Saving Account. This plan combines deductible insurance plan with medical saving, however, will only be accepted into the plan if you meet higher yearly deductible once you’re accepted into the plan you can decide if you want to pay money from your saving account to pay for your health care expenses before the deductible begins. The first disadvantages of Medicare are individual can 't negotiate or renew their contract and at any

Medicare has two separate coverage called Medicare type A and B. Type A generalized coverage, hospital care, skills nurse facility care, nursing home, hospice, home health service and Medicare Type B cover ambulance service, inpatient and outpatient service, partial hospitalization, laboratory test and limited outpatient prescription drugs. Medical Insurance has many advantage like work with another health plan like HMO, PPO, PFFS, and SNPs, and few individuals will not have to pay any premium, however there are many disadvantages to Medicare insurance like for instance you cannot negotiate your health plan contracts, you may have difficulty finding a provider that accepts insurance, and a higher out-of-pocket