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MEDICARE
Amanda
Makayla
Mai
Yari
HISTORY
1965-1970
•Created in 1965
• Impossible for people over 65 to
obtain private health coverage
•Cover expanded to include those
under 65
•Long-term disabilities
•End-stage renal disease
1980-1990
• Omnibus Reconcilliation Act passed
• Expanded home health service
• Brought Medigap under federal
oversight
• Hospice, 1982 added to Mediare
Benefits-
• People were eligible for Medicare
coverage
• Add-on benefits:
• Prescriptions
• Drug coverage for new enrollers
2000-2010
• 65 and under with ALS allowed to enroll
in Medicare upon diagnosis
• Patient Protection & Affordable Core
Act of 2010
• Reform Provision intended to contain
• Medicare cost
• Increase revenue
• Increase services in programs
WHO IS ELIGIBLE?
• 64 years and older
• Under 65 with disability or other
condition
• End-stage renal disease (ESRD)
• Blind, widowed, serious long term
disabilities
MEDICARE PART A
• Hospital Benefits and who is covered:
• 90-day Benefit period
• First 60 days, covered by Medicare when
deductible is met and coverage is at
%100
• 30 days after, patient pays co-insurance
• Patients with medical care at home
• Psychiatric treatment
• Respite care
• Any one who receives Social Security
PART B
• Voluntary program
• Covers wide range of out patient services:
• Physician services
• Outpatient hospital
• Diagnostic
• Anything medically necessary
• Coverage not automatic
PART D
• Passed in 2003
• Coverage began in January 1, 2006
• Prescription Drug plan
• All persons with Medicare can join
plan that’s provided
CURRENT EVENTS
• Baby boomers, seniors and disabled-
getting bigger and more expensive
• Medicare covers 51 million people at a
cost of $574 billion
• Mismanagement and Fraud
• Misinterpreting for Social Security, drain
on federal budget
•Thank you.

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Medical Insurance Powerpoint FINAL

  • 2. HISTORY 1965-1970 •Created in 1965 • Impossible for people over 65 to obtain private health coverage •Cover expanded to include those under 65 •Long-term disabilities •End-stage renal disease
  • 3. 1980-1990 • Omnibus Reconcilliation Act passed • Expanded home health service • Brought Medigap under federal oversight • Hospice, 1982 added to Mediare Benefits- • People were eligible for Medicare coverage • Add-on benefits: • Prescriptions • Drug coverage for new enrollers
  • 4. 2000-2010 • 65 and under with ALS allowed to enroll in Medicare upon diagnosis • Patient Protection & Affordable Core Act of 2010 • Reform Provision intended to contain • Medicare cost • Increase revenue • Increase services in programs
  • 5. WHO IS ELIGIBLE? • 64 years and older • Under 65 with disability or other condition • End-stage renal disease (ESRD) • Blind, widowed, serious long term disabilities
  • 6. MEDICARE PART A • Hospital Benefits and who is covered: • 90-day Benefit period • First 60 days, covered by Medicare when deductible is met and coverage is at %100 • 30 days after, patient pays co-insurance • Patients with medical care at home • Psychiatric treatment • Respite care • Any one who receives Social Security
  • 7. PART B • Voluntary program • Covers wide range of out patient services: • Physician services • Outpatient hospital • Diagnostic • Anything medically necessary • Coverage not automatic
  • 8. PART D • Passed in 2003 • Coverage began in January 1, 2006 • Prescription Drug plan • All persons with Medicare can join plan that’s provided
  • 9. CURRENT EVENTS • Baby boomers, seniors and disabled- getting bigger and more expensive • Medicare covers 51 million people at a cost of $574 billion • Mismanagement and Fraud • Misinterpreting for Social Security, drain on federal budget