Chapter 12d - Government Health Care Plans Medigap...

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Government Health Care Plans Medigap insurance: insurance provided by private insurance companies to cover medical expenses that are not covered by Medicare Medicare Prescription Act Passed in 2003 Allows coverage for senior citizens and persons with disabilities Covers some prescription drugs Allows seniors to purchase various forms of coverage for prescription drugs Health savings account: an account that shelters income from taxes and that can be used to pay health care expenses Medicaid: a federal program that provides health care to the aged, blind, disabled, and need families with dependent children Recipients must meet federal guidelines Administered on a state-by-state basis Financial Planning Online: Medicare Coverage Go to: http://www.medicare.gov/ This Web site provides an overview of services offered by Medicare, including the specific benefits that are available Long-Term Care Insurance
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Chapter 12d - Government Health Care Plans Medigap...

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