| Medicare Basics |
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| The Health Care Financing Administration (HCFA) administers Medicare, the federal government's health care insurance program for the disabled and the elderly. The HCFA contracts with private insurance companies to review and process the claims.
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| Housing - Who Pays For Home Care Services? - Private Third Party Payors |
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| Three methods of payment for home care services are available to America's elderly population: self-pay, public third-party payors, and private third-party payors. If home care services are not paid by third-party payors, the patient must pay for the services. This is known as self-pay. More... |
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| OVERVIEW OF ANNUITIES |
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| Although they do not fit within the strict definition of insurance, annuity policies are now widely viewed as a form of insurance. However, the insurance aspect of an annuity basically goes to the fact that the annuitant will receive a guaranteed income payment (usually for the rest of his or her life). Annuities were not regarded as insurance at common law, but commercially issued annuity policies are now largely regulated by state insurance statutes. Some types of annuities such as variable annuities are securities that are regulated by the Securities Exchange Commission. Fixed annuities are not securities and are not regulated as such.More... |
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| Medicare - Supplemental Health Insurance - Payment for Services and Proper Insurance Practices |
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| When an individual has purchased a Medigap insurance policy to supplement Medicare coverage, how medical bills are paid depends upon two factors: whether the medical provider accepts Medicare and whether the individual has arranged for his or her Medigap insurance company to send claims directly to Medicare.More... |
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| Assignment and Claims |
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| It is rare that a patient has to file a Medicare claim for a few reasons. First, those who receive their care through Medicare Advantage Plans (formerly Medicare+Choice) need not file claims at all. Those companies are paid a monthly fee by Medicare and do not have to file claims. More... |
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