Government Health Care Plans

Government Health Care Plans - Government Health Care Plans...

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Government Health Care Plans Medicare Provides health insurance to people over age 65 Part A covers inpatient care in hospitals or nursing facilities and some home health Part B is optional coverage Part C is a combination of Part A and Part B provided through private insurance companies Part D provides coverage for prescription drugs 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
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This note was uploaded on 03/27/2012 for the course FINANCE 250 taught by Professor Maryevans during the Spring '12 term at Rutgers.

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Government Health Care Plans - Government Health Care Plans...

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