The Federal Hospital Insurance Trust is part A of Medicare and covers hospital stays, hospices, and skilled care facilities.
The trust is not an actual fund, but a mechanism for accounting for government securities underlying the program.
The hospital insurance fund is designed for each employee to pay for it and then benefit from it when they retire.
Given changing demographics and regulations, the trust fund is expected to run out by 2026, at which point retirees will no longer receive the full benefits of the program.
The Consolidated Comprehensive Budget Reconciliation Act (COBRA) allows many employees to remain in their employers’ group health plans for a specified period of time after losing their job.
HIPAA affects policy, technology, and record keeping in healthcare facilities, health insurance companies, health insurance companies, and health care billing services.
A Health Savings Account (HSA) is a tax-advantage account that helps people save on medical expenses that are not covered by high deductible health insurance plans.
Long-term care insurance typically covers all or part of nursing facilities and home care for people aged 65 or older or with a chronic condition requiring ongoing care.
“This is private insurance available to anyone who can afford to pay for it.