| Readmission into a Nursing Home Facility |
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| A nursing home resident may need to leave the facility for any number of reasons such as hospitalization, family visits, or other types of therapeutic leave. Nursing homes have policies governing bed reservations or "bed holds" in the event that a resident has to leave the facility. More... |
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| Medicare Part B - Supplemental Medical Insurance |
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| Two types of individuals are eligible for Medicare Part B coverage: (1) patients who are eligible for Medicare Part A without paying premiums; and (2) individuals older than 65 years of age who are U.S. citizens, U.S. residents, or legal resident aliens who have lived in the U.S. for at least five years.
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| Social Security - Coordination of Benefits |
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| To reduce the rising cost of providing employee benefits, many employers have set-off agreements that relate to the benefits they provide. When this is the case, Social Security benefits must be "coordinated" with those benefits. This often results in the worker receiving a reduced monthly sum from the Social Security Administration (SSA). In addition, the pensions of federal employees and railroad workers must be coordinated with Social Security benefits. More... |
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| Medicare Basics |
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| The Health Care Financing Administration (HCFA) administers Medicare, the federal government's health care insurance program for the disabled and the elderly. The HCFA contracts with private insurance companies to review and process the claims.
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| OVERVIEW OF ANNUITIES |
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| Although they do not fit within the strict definition of insurance, annuity policies are now widely viewed as a form of insurance. However, the insurance aspect of an annuity basically goes to the fact that the annuitant will receive a guaranteed income payment (usually for the rest of his or her life). Annuities were not regarded as insurance at common law, but commercially issued annuity policies are now largely regulated by state insurance statutes. Some types of annuities such as variable annuities are securities that are regulated by the Securities Exchange Commission. Fixed annuities are not securities and are not regulated as such. More... |
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