 | |
- close
- close
|
NPR
2 hrs ago
Comment
The national debate over health care appears to be taking a back seat to jobs creation — but the problem persists for people who have jobs but no health insurance. A recently-developed health alliance in New Orleans aims to be at least part of...
TheStreet.com
6 hrs ago
Comment
Wellpoint, one of the most profitable health insurers, has increased its rates and the California state insurance commissioner has launched an investigation.
Reuters
Feb 8
Comment
Health insurers are primed to rev up deal-making over the next year, although the prospect of even modest reforms to the U.S. health system may put a chill on acquisitions for the next few months.
Business Standard
Feb 7
Comment
Insurers are venturing alone into the general insurance arena, following tie-ups with global players not working out.
NPR
Feb 5
Comment
With comprehensive health care legislation foundering, House Democrats are turning to a narrower piece of legislation they hope has populist appeal: repealing the antitrust exemption for health and medical liability insurers. Policy makers...
Insurance Journal
Feb 5
Comment
North Dakota regulators have given approval to Sanford Health Plan to sell health insurance in the state, likely setting up competition with the company that has dominated the North Dakota market ...
Sydney Morning Herald
Feb 5
Comment
NASHVILLE: Organisers of the grassroots movement that exploded across America last year in revolt against Barack Obama's economic policies and healthcare plans hope it has reached a critical milestone as hundreds of conservative activists...
Insurance Journal
Feb 3
Comment
The U.S. House of Representatives will vote next week on repealing the antitrust exemption for health insurers, but Democrats remained uncertain Tuesday on how to proceed on a broader healthcare ...
Suggest other news sources for this topic
Thank you for your suggestion
more ▼WIKI ANALYSIS
WIKI ANALYSIS
 |
This article is a part of Wikinvest's Personal Finance section and Guide to Investing. Please contribute or edit to improve it. |
TOP CONTRIBUTORS
Types of Coverage
Private Coverage
Job-Based Coverage
Individual Policies
Association Health Plans
Consumer Driven Health Plans
Government-Funded Coverage
Medicare
Medicare is a federal health insurance program for: a) individuals aged 65 years and above; b) individuals under the age of 65 with certain disabilities; or c) or individuals with end-stage renal disease. There are three types of Medicare plans:
- Original Medicare Plan, which consists of two parts:
- Hospital Insurance (Part A): This part pays for inpatient care at public hospitals, critical access hospitals (small facilities that give limited inpatient and outpatient services to people in rural areas), skilled nursing facilities (not custodial or long-term care) as well as hospice care and some home health care. All individuals eligible for Medicare are enrolled automatically and free of charge in Part A.
- Medical Insurance (Part B): This part pays for doctor visits, outpatient hospital care and other necessary medical services not covered by Part A, such as physical and occupational therapy, and some home health care. Part B is optional and, in 2008, most beneficiaries paid monthly insurance premiums of $96.40. Beneficiaries must also pay an annual deductible before Part B coverage kicks in.
2008 Part B Monthly Insurance Premiums Yearly Income (Single Individual) Yearly Income (Married Couple) Yearly Income (Married Individual) $96.40 $82,000 or less $164,000 or less $82,000 or less $122.20 $82,001 - $102,000 $164,001 - $204,000 NA $160.90 $102,001 - $153,000 $204,001 - $306,000 NA $199.70 $153,001 - $205,000 $306,001 - $410,000 $82,001 - $123,000 $238.40 above $205,000 above $410,000 above $123,000
- Medicare Advantage Plans (Part C), formerly known as Medicare+Choice, are private health insurance plans under the Medicare program. These plans pay for more medical services than the Original Medicare Plan by packaging Part A, Part B and additional coverage into one convenient bundle. Part C is optional and beneficiaries often pay higher monthly insurances premiums, but lower deductibles, than those required for Part B. Medicare Advantage is only offered in certain parts of the country and includes HMO Plans, PPO Plans, Medicare Private FFS Plans, Medicare MSA Plans or Medicare Special Needs Plans.
- Medicare Prescription Drug Plans (Part D) add prescription drug coverage to the Original Medicare Plan, Medicare MSA Plans, some Medicare Cost Plans and some Medicare Private FFS Plans. Each plan is run by a private company and, hence, varies slightly from other plans that fall under Part D. However, all such plans conform to standards set by the federal goverment. Part D is optional and beneficiaries pay monthly insurance premiums and an annual deductible in exchange for a large degree of flexibility in choosing what drugs need to be covered by these plans.
Medicaid
State High Risk Pools
Trends
Number Uninsured and Uninsured Rate (1987-2007)
Difference in 2-Year-Average Uninsured Rates by State (2006-2007)
| ||||||
