Essay Sample on Medicaid Parts and Plans

Introduction

Healthcare is among the basic needs that man cannot survive without. The demand for the service grows when the customer grows older because their bodies become weak. This is the market gap that health insurance companies fill to ensure that the personal medical needs of customers are fulfilled. There are four parts of Medicare that all patients can subscribe to, Part A, B, C and D. each part has its guidelines and the customers may opt for any depending on their needs and affordability; payment plans (Null, Moll, Cappelleri, Sadosky, Parsons & Pasquale, 2015). When presented with Part A, B or D as the only options, Part A will be the most suitable in any case because it helps caters for disease diagnosis. Without it supplementary services in part B and drugs in Part D become obsolete.

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Part C is the best Medicare that can cater for the needs of the elderly because it incorporates Part A and Part B. Additionally, services in Part D are also offered to Part C members without an extra subscription. This means that part C enables the elderly to get hospital insurance, supplement medical, and drug products in a single package. In a detailed explanation, you may discover that all the benefit services and products found in all the three parts; A, B and D, meaning that your parents out-patient, in-patient, check-ups, specialized care, and drugs will all be catered for in the plan (Martino, Kanouse, Miranda & Elliott, 2017). The private Fee-For-Service plan (PFFS) is the best for the elderly case because its payment amount and modes can be customized according to the needs of the customer and income brackets. The cost consideration of Part C is that all the plans are paid-out-of-pocket and this means that every time a customer wants a medical service he or she must pay there and then.

The cost of subscribing to Medicare is significantly lower than all costs for subscribing to private insurances. Government subsidies have helped the masses enroll in Medicaid by providing incentives and affordable payment plans. Quality of service is ensured in Medicaid because of the monitoring of standards control and operation by health assessment bodies. Medicaid can also be upgraded or downgraded easily depending on the dynamic needs of the customers thus making it more pocket-friendly. My recommendation would be that you should unsubscribe from your private insurance plan and subscribe your parents to Part C of Medicaid because it is cost-efficient and flexible in terms of pay and service delivery.

References

Martino, S. C., Kanouse, D. E., Miranda, D. J., & Elliott, M. N. (2017). Can a More UserFriendly Medicare Plan Finder Improve Consumers'Selection of Medicare Plans?. Health services research, 52(5), 1749-1771.

Null, K. D., Moll, K., Cappelleri, J. C., Sadosky, A., Parsons, B., & Pasquale, M. K. (2015). Trends associated with Implementing and Lifting astep Therapy Policy for pregabalin in the humana Medicare Population: an Interrupted time series analysis. Value in Health, 18(3), A289.