MHS-FPX5006_BiggioRyen_Assessment1_1

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Dec 6, 2023

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Financial Basics Ryen Biggio Capella University MHA-FPX5006 Professor Thomas Clobes October 2023

Medicare • 1965: Approved by the Social Security Amendments for healthcare coverage • Ages 65+ • Disabilities (Harrison & Harrison, 2013)

Part A • Hospital insurance 65+ • Overnight in-patient • Medical tests • Reimbursement for limited stays in SNF (Harrison & Harrison, 2013)

Part B • Medical insurance for costs that are not under Part A • Outpatient costs • Doctor visits • Lab tests • Outpatient hospital charges • Physician services in outpatient settings • Costs of durable medical equipment • Wheelchairs • Prosthetics (Harrison & Harrison, 2013)

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