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Medicare is a governmental program which [http://www.khybertube.com/read_blog/57135/medicare medicaid diagnosis codes] provides<br><br><br><br>medical insurance coverage for retired persons over<br><br><br><br>age 65 or for others who meet certain medical<br><br><br><br>circumstances, such as having a disability.<br><br><br><br>Medicare was signed into legislation in 1965 as an<br><br><br><br>amendment to the Social Security plan and is<br><br><br><br>administered by the Center [http://videos.heigl-france.net/read_blog/55357/medicare report medical fraud] for Medicare and Medicaid<br><br><br><br>Services (CMS) under the Department of Human Services.<br><br><br><br>Medicare supplies [http://malixstudio.com/read_blog/152573/medicare types of medicaid] medical insurance coverage for more than<br><br><br><br>43 million Americans, several of whom would have no<br><br><br><br>medical insurance coverage. Even though not perfect, the Medicare<br><br><br><br>program gives these millions of people relatively low<br><br><br><br>price basic insurance coverage, but not significantly in the way of<br><br><br><br>preventative care. For instance, Medicare does not pay<br><br><br><br>for an annual physical, vision care or dental care.<br><br><br><br>Medicare is paid for through payroll tax deductions<br><br><br><br>(FICA) equal to 2.9% of wages the employee pays half<br><br><br><br>and the employer pays half.<br><br><br><br>There are 4 parts to Medicare: Portion A is hospital<br><br><br><br>coverage, Component B is medical insurance, Element C is<br><br><br><br>supplemental coverage and Component D is prescription<br><br><br><br>insurance. Components C and D are at an added price and are<br><br><br><br>not needed. Neither Element A nor B pays 100% of<br><br><br><br>medical costs there is usually a premium, co-pay and<br><br><br><br>a deductible. Some low-income individuals good quality for<br><br><br><br>Medicaid, which assists in paying portion of or all of<br><br><br><br>the out-of-pocket fees.<br><br><br><br>Since more individuals are retiring and become eligible<br><br><br><br>for Medicare at a faster rate than individuals are paying<br><br><br><br>into the program, it has been predicted that the system<br><br><br><br>will run out of cash by 2018. Wellness care expenses have<br><br><br><br>risen dramatically, which adds to the financial woes<br><br><br><br>of Medicare and the system has bee plagued by fraud<br><br><br><br>more than the years.<br><br><br><br>No a single seems to have a viable solution to save this<br><br><br><br>method that saves numerous men and women all through the country.