Learning Center

What Does Medicare Fund?

Medicare is run by the Centers for Medicare & Medicaid Services (CMS).  CMS is a federal agency and branch of the Department of Health and Human Services (DHHS). Medicare insurance covers more than 60 million Americans and is associated with over $700 billion in annual costs, and these numbers continue…

How Does Medicaid Spend Down Work?

Medicaid is a U.S. government program that offers health coverage to Americans who meet specific criteria. Eligible beneficiaries include low-income adults, children, pregnant women, the elderly and people with disabilities, according to the official Medicaid website. Though the program is administered by state governments, compliance with federal requirements is mandatory….

·

Does Medicare Cover the Coronavirus Test and Treatment?

Millions of Medicare recipients are under shelter-in-place orders caused by the coronavirus, or COVID-19, pandemic. Seniors and individuals with compromised immune systems make up a large segment of the Medicare population and are at risk for serious complications caused by COVID-19. Although the virus can infect anyone, people with pre-existing…

What Does Social Security Provide?

Ever since 1935, the Social Security Administration has provided monthly benefits to people who qualify due to retirement, disability, the death of a spouse, for dependent children and also for survivors of beneficiaries. These monthly payments provide partial replacement income for 68 million Americans today. If you are wondering whether…

How Does Medicare Reimburse Hospitals?

Medicare provides coverage for millions of Americans over the age of 65 or individuals under 65 who have certain permanent disabilities. Medicare recipients can receive care at a variety of facilities, and hospitals are commonly used for emergency care, inpatient procedures, and longer hospital stays. Medicare benefits often cover care…

How Does Medicare Affect Medical Billing?

Medicare is a federally funded health insurance option, and since Medicare is responsible for reimbursing all participating healthcare facilities, the billing process is very particular. Medicare is a high-volume payer, and billing must be completed accurately and specifically based on the exact services received and the relationship the provider has…

·

How Can Medicare Help Me During the COVID-19 Pandemic?

COVID-19, or commonly known as the coronavirus, has affected communities across the world, but Medicare recipients may be especially concerned about their health and well-being during this pandemic. With seniors and individuals with compromised immune systems at higher risk for serious complications and death from coronavirus, it is essential that…

What Does Medicare Part B Pay For?

When you turn 65, you become eligible to receive Medicare insurance benefits. Original Medicare offers Part A and Part B. These benefits are offered to all Medicare recipients. When signing up for Medicare, it is critical to know what coverage you can expect and what options you may have. What…

How Does Medicare Work?

Medicare insurance is available to all American citizens once they reach the age of 65, or to individuals under the age of 65 due to certain disabilities. If you are aging into Medicare, you may be eligible for federally funded healthcare insurance because of the Medicare taxes you have paid…