Medicare ( Regular,Govt operated ) | HealthSoul

Medicare ( Regular,Govt operated )

Reviews: 3
Rating: (2.0/5)
0.0% Recommended

Overview of Medicare ( Regular,Govt operated )

The Centers for Medicare & Medicaid Services (CMS) is the federal agency that runs the Medicare Program. CMS is a branch of the Department of Health and Human Services (HHS). CMS also monitors Medicaid programs offered by each state.

In 2016, Medicare covered over 56 million people. Total expenditures in 2016 were $678.7 billion. This money comes from the Medicare Trust Funds.

Medicare Trust Funds
Medicare is paid for through 2 trust fund accounts held by the U.S. Treasury. These funds can only be used for Medicare.

How is it funded?
Payroll taxes paid by most employees, employers, and people who are self-employed
Other sources, like these:
Income taxes paid on Social Security benefits
Interest earned on the trust fund investments
Medicare Part A premiums from people who aren't eligible for premium-free Part A

What does it pay for?
Medicare Part A (Hospital Insurance) benefits , like inpatient hospital care, skilled nursing facility (snf) care , home health care , and hospice care
Medicare Program administration, like costs for paying benefits, collecting Medicare taxes, and fighting fraud and abuse
Supplementary Medical Insurance (SMI) Trust Fund

How is it funded?
Funds authorized by Congress
Premiums from people enrolled in Medicare Part B (Medical Insurance) and Medicare prescription drug coverage (Part D)
Other sources, like interest earned on the trust fund investments

What does it pay for?
Part B benefits
Part D
Medicare Program administration, like costs for paying benefits and for fighting fraud and abuse

PATIENT RATINGS OF MEDICARE ( REGULAR,GOVT OPERATED )


Overall Experience

(2.0/5)

Claims Process

(2.0/5)

Customer Service

(1.5/5)

Cost Satisfaction

(1.5/5)

PATIENT REVIEWS OF MEDICARE ( REGULAR,GOVT OPERATED )


Dp bri148
Badge reviewer blackReviewer

Reviews: 11

Date Visited: 06-2017

The only thing that I don't like is how the cost of Medicare is increasing every year and the donut hole with prescriptions

Created at: 04-19-2018

Overall Satisfaction

Customer Service
Cost Satisfaction
Claims Process
Dp car358
Badge reviewer blackReviewer

Reviews: 10

Date Visited: 04-2016

Terrible way of treating older people with health needs needs fixed

Created at: 04-18-2018

Overall Satisfaction

Customer Service
Cost Satisfaction
Claims Process
Dp lin522
Badge advisor blackAdvisor

Reviews: 28

Date Visited: 04-2016

Medicare needs revamped the red tape cost people's lives cost needs to be addressed

Created at: 04-18-2018

Overall Satisfaction

Customer Service
Cost Satisfaction
Claims Process

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