Medicare
The Federal Government administers a health insurance program for US citizens and permanent residents of USA of an age of 65 or over. An individual or his/her spouse should have worked for at least 10 years in Medicare covered employment to be eligible under this scheme.
This scheme has four components:
• Part A covers treatment by hospitalization. The stay in a hospital or nursing home must be at least for 72 hours for receiving skilled treatment or skilled nursing;
• Part B, the medical insurance component of the program, covers cost of treatments such as dialysis, investigative tests, etc as an out-patient.and costs of durable medical equipment such as oxygen equipment, artificial limbs, etc. which are prescribed as medical necessities;
• Part C: Members can exercise option to receive benefits offered under Parts A & B through private insurance plans;
• Part D covers cost of prescription drugs through private health insurance companies who administer this part of the program.
No out-of-pocket expenses such as co-payments, deductibles, etc under Parts A & B are not covered.
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