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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

Website: http://www.medicare.gov

Patient ratings

of Medicare ( Regular,Govt operated )

Overall Experience

(3.3/5)

Claims Process

(3.1/5)

Customer Service

(2.7/5)

Cost Satisfaction

(3.0/5)

Patient reviews of Medicare ( Regular,Govt operated )

ton700
Reviewer
07-14-2020

It's very awesome in offering nice services

  • Date Visited 07-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: Yes

vic480
Reviewer
05-24-2020

They have a better platform

  • Date Visited 05-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: Yes

ew3238
05-12-2020

Affordable premiums and incredible customer service

  • Date Visited 05-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: Yes

...
riv356
05-10-2020

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

  • Date Visited 05-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: Yes

udo413
04-28-2020

I love your platform great

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended:

udo413
04-28-2020

Joyful and happy to know about you

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: Yes

phi586
04-28-2020

Wow that's awesome and amazing

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended:

com643
04-28-2020

When it comes to best health insurance, you are among the best

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: No

bes345
04-28-2020

I would probably get another health provider, but it's pretty good health provider

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: Yes

ibl390
04-28-2020

I wouldn't try to recommend it to anyone else I love

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: No

ton186
04-21-2020

I would not recommend this health insuraance company!

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: No

key515
04-09-2020

Would highly recommend this health insurance to anyone!

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: Yes

fla369
04-02-2020

There are far better health insurance out there.

  • Date Visited 04-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: Maybe

its546
Guide
03-25-2020

Would not recommend, doesn't cover most hospital visits.

  • Date Visited 03-2020
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: No

bri148
Reviewer
04-19-2018

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

  • Date Visited 06-2017
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended:

car358
Reviewer
04-18-2018

Terrible way of treating older people with health needs needs fixed

  • Date Visited 04-2016
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: No

lin522
Advisor
04-18-2018

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

  • Date Visited 04-2016
  • Overall Satisfaction

    Customer Service
    Cost Satisfaction
    Claims Process

Recommended: No

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