Recommendation
44.1%
Reviews
17
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
It's very awesome in offering nice services
They have a better platform
Recommended: Yes
Affordable premiums and incredible customer service
Recommended: Yes
They are one of the best around when it comes to the care for their customers and their customer service is one of the best around because they believe every life is precious
Recommended: Yes
I love your platform great
Recommended:
Joyful and happy to know about you
Recommended: Yes
Wow that's awesome and amazing
Recommended:
When it comes to best health insurance, you are among the best
Recommended: No
I would probably get another health provider, but it's pretty good health provider
Recommended: Yes
I wouldn't try to recommend it to anyone else I love
Recommended: No
I would not recommend this health insuraance company!
Recommended: No
Would highly recommend this health insurance to anyone!
Recommended: Yes
There are far better health insurance out there.
Recommended: Maybe
Would not recommend, doesn't cover most hospital visits.
Recommended: No
The only thing that I don't like is how the cost of Medicare is increasing every year and the donut hole with prescriptions
Recommended:
Terrible way of treating older people with health needs needs fixed
Recommended: No
Medicare needs revamped the red tape cost people's lives cost needs to be addressed
Recommended: No
Privacy Policy
Recommended: Yes