Health insurance
types:
There are various different kinds of health insurance. While each has
different requirements and is run by different entities, it is
important to understand that many individuals combine several types of
insurance coverage to meet their needs. It may be confusing to deal
with all of these different types of health insurance coverage, but we
will seek to explain them in basic detail. The three different types
of insurance which will be discussed on this page are Medicare,
Medicaid, and private health-insurance policies, which will each be
described briefly on this page then covered in more detail on
subsequent pages.
Medicare health
insurance:
Medicare is a federally funded health insurance plan designed to help
pay for senior citizen’s health care needs. It basically has two
parts, Part A, which covers hospitalization and Part B which covers
outpatient services such as doctors visits. You are usually eligible
for Medicare just prior to your 65th birthday.
Medicaid:
Medicaid as a health insurance program ran by your state government in
conjunction with some financial assistance to your state by the
federal government. It is a program developed for low income
individuals (which may include seniors) and was originally intended to
be an insurance of last resort. Many people have heard some
information about "spending down to Medicaid", which means that a
person must use up most of his or her assets before they may qualify.
Private
health-insurance:
