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Medicare and Medicaid, Definitions, Acceptance of Assignment

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Question
Answer
Medicare Definition   Is a Federally Funded Insurance Program.  
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Medicare Eligibility Requirements(5)   1Age 65 and is on SS 2Age 65 who have retired on railroad /civil service. 3An Individual that is disables. 4A person who has ESRD. 5A Kidney Donor  
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Medicare Enrollment Period   A 3 month period before and after your DOB or the next January till March of the following year.  
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Medicare Benefit Period   Begins the day a patient enters a hospital and ends when the patient has not been in a bed for 60 consecutive days (Hospital or Nursing Home Bed)  
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How many Parts are there in Medicare   there are 4 (A,B,C,&D)  
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Medicare Part A   This comes with Medicare. It is for Impatient Services for Hospice & Respite  
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Medicare Part B   This comes with Medicare. It is for Outpatient Services-Claims for Physician Activities  
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Medicare Part C   This is Managed Care Option. (This is optional)  
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Medicare Part D   This is for the Prescription Drug Plan (This is optional)  
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Formulary Definition   A list of Drugs that a health plan will cover  
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Hospice Care Definition   An organization for the Terminally Ill for usually 6 months.  
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Respite Care Definition   A short term stay for temporary releif to the person who is regularly assist with the home care.  
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Medicare/Medicaid   An Old age survivor disability Ins Benefits-65 ans older, severity disables, and Blind  
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Medigap/Medifill   Supplemental Insurance that one pays for in a fee-for-service plan-Helps cover the deductable, copays, and prescriptions.  
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Local Coverage Determination:   A tool used in helping claim proccessing  
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A Medicare Card is generated   on a yearly basis  
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What does the Letter at the end of the claim number on the Medicare Card mean?   The Patient Status  
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Acceptance of Assignment   Is where the physician agrees to ACCEPT payment from Medicare 80%, plus payment from the PATIENT, 20%, after the 155.00 annual deductable has been met.  
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Medicaid Eligibility (4)   1Based on income and Medically Needy 2Welfare recipients, poor children younger than 5 yrs of age. 3Low income Pregnant woman. 4Medically Indigent-Medical expenses that are high puts them below poverty line.  
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Medicaid Definition   Jointly administered by the Federal Government and each State  
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Medicaid identification care is issues   On a Monthly Basis  
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Created by: lorireid1980
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