Should You Make Use of Government Health Insurance?
In the past few years, there's been a lot of news about government health insurance, although it's been mostly bad press.
However, it's still an option for most, especially for those with lower incomes.
The changes in government subsidized health insurance cover a lot as well, which will be explained here as simply as possible.
While the Health Care Reform Bill now would have most people buying their own insurance, there's a silver lining in that cloud.
The government has pledged to subsidize middle and lower income citizens pay for their insurance.
In short, the consumer would receive a hefty discount with the government footing up to 90% of the bill.
So by 2014, if you're making about triple or quadruple the poverty level, you would still need to pay for a small part of the insurance premium.
The less you make, the more the government will cover.
Those on the lowest end of the pay scale would be eligible to enroll in Medicaid, the state-subsidized health insurance system.
But until the bill is put into practice, every one that is eligible has free medical insurance.
For example, if you receive considerably less than the poverty rate, you can apply for government provided health insurance.
After you submit your application, there's a long waiting period that can last up to three months.
But after you are accepted, your health insurance, and that of your dependents, will be completely free.
Social Security, the federal organization, is what oversees Medicare which covers the basic insurance needs of every American.
Add to that retirement benefits for workers and their families, plus survivor benefits if the worker dies.
State-supported Medicaid is a good plan, with basic services that can give you what you need.
These basic services would include treatments for diseases like cancer and other chronic diseases.
And unlike most insurance companies, pregnancy and birthing is covered.
Medicaid is more geared toward the people who can't afford their medical needs.
It's an addition to Medicare since that program can't pay everything.
Those who are in dire need of medical assistance, like those who are disabled, those with dependent children or who have children that need intensive medical treatment.
Expenses such as doctor's bills, hospital bills, diagnostic tests, and more.
However, it's still an option for most, especially for those with lower incomes.
The changes in government subsidized health insurance cover a lot as well, which will be explained here as simply as possible.
While the Health Care Reform Bill now would have most people buying their own insurance, there's a silver lining in that cloud.
The government has pledged to subsidize middle and lower income citizens pay for their insurance.
In short, the consumer would receive a hefty discount with the government footing up to 90% of the bill.
So by 2014, if you're making about triple or quadruple the poverty level, you would still need to pay for a small part of the insurance premium.
The less you make, the more the government will cover.
Those on the lowest end of the pay scale would be eligible to enroll in Medicaid, the state-subsidized health insurance system.
But until the bill is put into practice, every one that is eligible has free medical insurance.
For example, if you receive considerably less than the poverty rate, you can apply for government provided health insurance.
After you submit your application, there's a long waiting period that can last up to three months.
But after you are accepted, your health insurance, and that of your dependents, will be completely free.
Social Security, the federal organization, is what oversees Medicare which covers the basic insurance needs of every American.
Add to that retirement benefits for workers and their families, plus survivor benefits if the worker dies.
State-supported Medicaid is a good plan, with basic services that can give you what you need.
These basic services would include treatments for diseases like cancer and other chronic diseases.
And unlike most insurance companies, pregnancy and birthing is covered.
Medicaid is more geared toward the people who can't afford their medical needs.
It's an addition to Medicare since that program can't pay everything.
Those who are in dire need of medical assistance, like those who are disabled, those with dependent children or who have children that need intensive medical treatment.
Expenses such as doctor's bills, hospital bills, diagnostic tests, and more.
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