Archive for July 23rd, 2009
Medicare Benefits
When Congress passed the Social Security of 1965, seniors across America were suddenly granted a wealth of health care benefits that hadn’t been readily available. The federal program known as Medicare covers people aged 65 or older. Hospital expenses are automatically covered under Part A of Medicare, but additional services such as doctor’s visits require a monthly premium.
One of the newest features of the Medicare system went into effect in 2006, and it’s of particular interest to anyone seeking elderly health care. This feature, known as Part D, provides prescription drug coverage in exchange for a monthly premium. Private health care companies administer the plans, but they must first be approved and regulated by the federal government.