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Medicare is a governmental system which offers

medical insurance coverage for retired persons over

age 65 or for other individuals who meet certain medical

conditions, such as getting a disability.

Medicare was signed into legislation in 1965 as an

amendment to the Social Security program and is

administered by the Center for Medicare and Medicaid

Services (CMS) below the Department of Human Services.

Medicare gives medical insurance coverage for over

43 million Americans, many of whom would have no

medical insurance. Even though not ideal, the Medicare

plan offers these millions of men and women relatively low

cost simple insurance, but not considerably in the way of

preventative care. For instance, Medicare does not spend

for an annual physical, vision care or dental care.

Medicare is paid for by way of payroll tax deductions

(FICA) equal to 2.9% of wages the employee pays half

and the employer pays half.

There are 4 components to Medicare: Portion A is hospital

coverage, Component B is medical insurance coverage, Part C is

supplemental coverage and Element D is prescription

insurance coverage. Parts C and D are at an added price and are

not needed. Neither Part A nor B pays 100% of

medical costs there is generally a premium, co-pay and

a deductible. Some low-income men and women quality for

Medicaid, which assists in paying component of or all of

the out-of-pocket fees.

Because a lot more individuals are retiring and become eligible

for Medicare at a faster rate than individuals are paying

into the program, it has been predicted that the program

will run out of income by 2018. Wellness care costs have

risen significantly, which adds to the monetary woes

of Medicare and the system has bee plagued by fraud

more than the years.

No a single appears to have a viable solution to save this

program that saves a lot of individuals throughout the nation. hospital medicare fraud fraud reporting medicare fraud