Monday 10 June 2019

How Does Medicare Work

How Does Medicare Work?

Medicare is a federal healthcare program that covers approximately 43 million individuals who are over the age of 65, or who are under the age of 65 and are disabled. Because of the demographics of Medicare beneficiaries, they are more frequent consumers of healthcare than younger, healthier individuals.
The Social Security Act established Medicare in 1965. Since then, programs have been added and coverage has expanded. Medicare is currently composed of four parts that cover a wide range of medical services.
Professional medical billers and certified medical coders are cognizant of all parts of the Medicare system, its benefits, and its limitations. With a certified educational foundation, and ongoing continuing education, medical coders and medical billers understand how to assign codes correctly to describe medically necessary services, as well as how to assemble that information in meaningful ways to the applicable Medicare program. This article describes how professional medical billers and coders interact with Medicare program in order to receive appropriate reimbursement for services. Understanding Medicare is the first step in planning for your health care in retirement.

Parts of Medicare:

Medicare Part A
Medicare Part B
Medicare Part C
Medicare Part D.

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