Medicare Insurance and You

by admin

In light of the many changes taking place today, many seniors may be confused about Medicare and what they are entitled to under the program. Many companies such as HMO’s (Health Maintenance Organizations) and PPO’s (Preferred Provider Organizations) are bombarding seniors with their programs that can be selected as an alternative to Traditional Medicare. Most emphasize the prescription plan portion but neglect to fully inform the senior of what they will be giving up when they sign up for a different plan!

Problems arise when the individual does not get complete information, and in many cases may not understand all of their options.

What is Medicare?

by admin

The costs of home medical care, hospital visits, and prescription drugs can add up fast. If you are without health insurance and do not work than these costs can be even more stifling. For those that live in the United States, there are several social programs offered by the Government and private companies that can help you pay these costs. One service offered by the US Government is Medicare. Medicare is a state funded insurance program that is geared towards helping Americans with their medical bills.

President Lyndon Johnson signed the Medicare bill in July of 1965 as part of an amendment to the Social Security program. The Social Security Program was signed into law in 1935 and came at a time when the United States was trying to bounce back from the Great Depression. Its purpose was to provide a means of limiting the effects of poverty, unemployment, old age, widows, and fatherless children on the American people. This was in many ways a landmark act by President Roosevelt, because by signing the Social Security Act, he was in effect the first president to publicly endorse protection for the elderly.