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How Medicare Advantage Supplements Standard Cover



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Medicare Advantage cover, otherwise known as Part C, is a system whereby people who have access to mainstream Medicare can augment their coverage through private insurance. The system is not designed to replace the essential provisions of the original Medicare provision from the 1960s, but to provide a mechanism through which people who are in the right financial position can pay for extra services. The system has expanded greatly in recent years, partly because people are in fear of cuts to main Medicare program, and partly because there are always people in a position to afford a higher standard of care.

When Medicare was first created in 1965, it was never intended that it would be fully comprehensive service offering all aspects of health care, even to those who were in the most vulnerable categories. It was designed to guarantee the most basic level of health care to people who had retired, and who were trying to live on a greatly reduced income, and also to those who had special needs due to disability. This is still the function of the Medicare Part A, although the provision has expanded to include some forms of hospice and nursing home care.

There was always a section of people from these backgrounds who would have been prepared to spend a little extra money to add to these bare bones services. The situation changed for these people when it became possible for private insurance providers to get involved in the Medicare market. This change allowed for a type of free market in the supplementary services which could be offered to anyone seeking that little bit more. It was inevitable that this secondary market would grow to be far larger than it was originally, and today it attracts many providers of insurance to the mainstream health market.

The introduction of Medicare Advantage has formalized much of what is on offer, and set a definite standard which providers need to reach to become competitive. This type of insurance differs considerably from the mainstream insurance offered by the same providers. The premiums are kept to minimum by having a co-payment requirement whenever treatment is needed. This can be severe in cases where specialists are needed to make a diagnosis of a troublesome condition. The plans do have to match what Medicare can offer, but they don’t necessary have to match it in exactly the same way.

It is impossible to say exactly what will happen to the entire Medicare system in the coming years, as it going to be put under far greater pressure than ever before. The numbers of retirees which will come through in the coming years will be far greater than previously, sending the numbers of people eligible for Medicare into an upward spiral. The government is going to have to find extra money to pay for Medicare commitments, while at the same time cutting the number of services provided. It is likely that many services which are now included in Part A will be excluded.

The Medicare Advantage system is likely to be expanded to take care of the difference, giving people who can pay something towards the expense of treatment to do so. It is inevitable that the system will have to be changed, even if this means that some of the original provisions which were considered important in the 1960s will have to be removed. Those who are able to save up money for their retirement will find that they are likely to be far better covered than those who rely on the basic system, through the provisions of Medicare Advantage.

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