Paying for Health Care

Question 1

Medicare Part A covers

Answer 1

• hospitalization

- limited skilled nursing and home health care

Question 2

Medicare Part B covers

Answer 2

• physicians

- medical services

Question 3

Medicare Part C covers

Answer 3

…

Question 4

Medicare Part D covers

Answer 4

drugs

Question 5

Medicare Advantage Plans

Answer 5

• represent a blend of govt and private insurance coverage
• predate the passage of Medicare Part D plans and thus cover drugs
• cost the govt more per enrollee than traditional Medicare

Question 6

what are the 4 principal sources of coverage? (chapt 2)

Answer 6

1. uninsured
2. individual private insurance
3. employment based private insurance
4. govt financing

Question 7

what are the 4 basic modes of paying for healthcare?

Answer 7

1. out of pocket
2. individual private care
3. employment based private insurance
4. government financing