Asked by Shana Whitby on Apr 27, 2024
Verified
Because Medicare pays 80% of approved charges and the patient is responsible for the remaining 20%, individuals enrolled in the Original Medicare Part B plan often buy additional insurance called a(n) ________ plan.
Original Medicare
A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease, consisting of Part A (hospital insurance) and Part B (medical insurance).
Approved Charges
The amounts pre-determined by insurance providers as the maximum they will pay for a covered service or procedure.
- Describe the key features and purposes of additional insurance plans related to Medicare.
Verified Answer
IW
Learning Objectives
- Describe the key features and purposes of additional insurance plans related to Medicare.