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Essay / Advantages and Disadvantages of Medicare - 1078
Medicare Part A covers hospitals, hospice care, and home health care. Part A is primarily paid by the program, but there is a co-payment requirement where beneficiaries must pay part of the cost. Generally, the cost is around $100. Next is Medicare Part B which covers outpatient medical care such as doctor visits, laboratory tests and preventive services. Part B requires a 20% co-pay. This can be expensive if used very frequently. Typically, most Americans have these two Medicare plans, which together are called Original or Traditional Medicare because they were the first two Medicare plans ever offered to beneficiaries. The third official Medicaid program is Part C. Part C is also known as the Medicate benefit. This plan uses private insurance to provide you with health insurance in addition to the benefits you may already be able to reactivate with Part A and Part B. Additionally, to receive the Medicaid benefit, beneficiaries must be currently enrolled in both Medicare Part A and Part B. Payment for Medicare benefits is very different from other plans. One of the main reasons why individuals seek out the benefits of Medicare is that it offers the same benefits as traditional Medicare, but it can also offer additional benefits to users.