Medicare And Health Insurance Decisions

1785 WordsApr 6, 20168 Pages
Medicare Health Insurance Decisions Older adults who are reaching the retiring age have the important job to make decisions regarding the Medicare coverage plans. “Medicare is an insurance plan for person who are age 65, blind, or totally disabled, including those with end-stage renal disease” (Touhy & Jett, 2011, p. 394). Medicare is composed of four different parts. Part A and Part B are the original plans, Part C represents the advantage plans and Part D is the prescription drug plan. (Touhy & Jett, 2011). Choosing the right Medicare plan requires comprehension of the different plans available for qualifying individuals, coverages, deductibles, premiums, and supplemental insurance policies. The information in the Medicare plans is extensive and often times confusing for older adults especially those who have cognitive problems coupled with other comorbidities and geriatric conditions such as hearing and vision problems. In order to make informed decisions, older adults must take on the challenge to learn about the Medicare plans, what is covered, terms and conditions, and out of pocket costs. Description and Differentiation of Medicare Plan Options Medicare Part A and B are known to be part of the original plan established in 1965 (AARP, n.d.). In addition to this plans, Medicare part C is offered by private insurance companies and is known as Medicare Advantage Plans (AARP, n.d.). Medicare was expanded to add benefits to Medicare recipients. With this expansion

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