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Insurance Terms: Medicare

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  • A request for payment that is submitted to Medicare
    Claim
  • A Medicare program to help people with limited income and resources pay Medicare prescription drug program costs, like premiums, deductibles, and coinsurance
    Extra Help
  • Type of Medigap policy available in some states where beneficiaries choose from a standardized Medigap plan
    Medicare SELECT
  • Begins with the first day of hospitalization and ends when the patient has been out of the hospital for 60 consecutive days
    Benefit Period
  • A list of prescription drugs covered by a prescription drug plan or another insurance plan offering prescription drug benefits
    Formulary
  • The temporary hospitalization of a hospice patient for the purpose of providing relief from duty for the nonpaid person who has the major day-to-day responsibility for the care of the terminally ill, dependent patient
    Respite
  • Enrollment period for Medicare Part B held January 1 through March 31 of each year
    General enrollment period
  • Reimburses institutional providers for inpatient, hospice, and some home health services
    Medicare Hospital Insurance (Part A)
  • Prescription drug coverage added to the original Medicare plan
    Medicare Prescription Drug Plans (Part D)
  • Involves a team-oriented approach that addresses the medical, physical, social, emotional, and spiritual needs of the terminally ill patient
    Hospice
  • The action a person can take if they disagree with a Medicare coverage or payment decision
    Appeal
  • The federal health insurance program for: People who are 65 or older Certain younger people with disabilities People with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)
    Medicare
  • The periodic payment to Medicare, an insurance company, or a health care plan for health or prescription drug coverage
    Premium
  • The amount one must pay for health care or prescriptions before Original Medicare, Medicare Advantage Plan, Medicare drug plan, or one’s other insurance begins to pay
    Deductible
  • Includes managed care plans and private fee-for-service plans, which provide care under contract to Medicare and may include such benefits as coordination of care, reductions in out-of-pocket expenses, and prescription drugs.
    Medicare Advantage (Medicare Part C)
  • Fee-for-service or traditional pay-per-visit plans for which beneficiaries are usually charged a fee for each health care service or supply received
    Medicare fee-for-service
  • Medical or other health services given to a patient using a communications system by a practitioner in a location different than the patient's
    Telemedicine
  • Reimburses noninstitutional health care providers for outpatient services
    Medicare Medical Insurance (Part B)