Medicare, Medicaid and Medicare Supplements

Overview

The federal government’s entry into the health care and health insurance arena came about in 1965 with the creation of the Medicare program. Though the program has undergone a number of adaptations over the years, its mission remains unchanged: to ensure that the elderly and disabled are provided with a way to obtain and pay for needed health care and health services. 

The course explains the four parts of Medicare – Part A, Part B, Part C (Medicare Advantage) and Part D, and how consumers can enroll and when they will be eligible for benefits. The course then looks at the Medicaid program in relation to Medicare and Medicare beneficiaries, covering this program’s basics and mechanics, including coverage, eligibility, and coordination with Medicare.

Learning Objectives

Upon conclusion of this course, students will be able to:

  • demonstrate an understanding of the history and purpose of Medicare, Medicaid, and Medicare supplement insurance
  • describe the eligibility criteria for each of these programs
  • explain the mechanics of the four parts of Medicare
  • distinguish the features, options and benefits associated with Original Medicare vs. Medicare Advantage (including Part D)
  • demonstrate an understanding of the relationship between Medicare and Medicaid
  • describe the basic purpose, function and features of Medicare supplement (Medigap) policies
  • explain the very different roles of Medicare and Medicaid in providing long-term care services and support

Designed For

Life and health insurance producers, financial planners and advisors working with senior clients

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