Benefits Of Medicare Medicare refers to a strategic plan put into play by a government and that is meant to provide a health insurance cover for the elderly in society as well as those who are disabled so that to ensure that they are able to access medical services but at a lower cost. This health insurance program is crafted in such a manner that the government is able to get a given amount of money from the payroll of its citizens as well as a given percentage of its taxes which are then set aside to cater for the services needed by the old or disabled without putting much pressure on them. One of the forms of Medicare includes Hospital Insurance which basically covers patients that have been admitted in hospital, receiving health care at home in bed or at a special nursing facility as long as they are eligible for the program and already enrolled to it using the necessary channels provided. This Hospital Insurance is only funded by payroll taxes deducted from the people’s salaries at the end of the month or after a given period of time but on a regular basis. The second example of Medicare is the common Medical Insurance which is the most expansive form of Medicare and covers the supply of medicine at a subsidized price, the all services that can be provided by the doctor including consultation or therapy as well as and other medical checkups such as scanning and x-ray. There are many other services that can be covered in the Medical Insurance policy which also includes blood transfusion for patients who have lost a lot of blood, outpatient services, preventive services such as immunizations, getting dialysis in the case of patients suffering from diabetes as well as the extensive process of cancer treatment. Money for Medical Insurance is generally derived from revenues that are gathered from the taxing system and also the small premiums which are paid regularly by the beneficiaries of the program. The other Medicare programme available is the Medicare Advantage Plan which is offered by a private firm that has been given a contract of providing the health cover by the government, and the firm is tasked with ensuring that patients are provided with both Hospital Insurance as well as Medical Insurance covers whenever they are needed. Services that are covered by the Medicare Advantage Plan include the Medicare Medical Savings Account which provides the patient with a place to save for their future medical needs when they become sick, the Private Fee-For-Services Plans where individuals can request for their own personal health services. The Prescription Drug Coverage is the final cover that is paid for by the state, some premiums and taxes and allows patients access to medicines the doctor instructs.