Benefits Of Medicare And Medicaid Services Essay

838 Words May 10th, 2016 4 Pages
As we gradually inch towards our elder years, we begin to face important decisions as we anticipate and plan for the years to come. One of the more significant milestones occurs at age 65, when we become eligible for Medicare. According to the Centers for Medicare and Medicaid Services [CMS] (n.d.), Medicare is defined as, “the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD).” The following will focus on the Medicare decision-making experience, including a general overview of benefits, the election process, as well as a reflection of the occurrence.
Medicare Options: An Overview
Medicare plan options include parts A through D. The specific plans offer unique benefits of coverage, cost, and guidelines. The following will briefly discuss a general overview of each plan option.
Plan Option A
Medicare Part A is available at a no cost premium to most individuals once becoming eligible to receive Social Security income; however, a monthly premium may occur if the applicant has paid an inadequate amount to the U.S. Social Security System throughout their lifetime (Touhy & Jett, 2012). The cost of deductibles and co-insurance varies based on the service rendered (Touhy & Jett, 2012). Coverage typically includes inpatient hospital stays, skilled nursing facility care, hospice care, and some…

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