0
Medicare is not broke; however, it will run out of money in the foreseeable future unless revenue is increased and/or expenses are reduced.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoNo. Estimates vary, but it might happen within the next few years if something isn't done. My suggestion is stop spending $250,000 a minute in Iraq and Afghanistan.
Add your answer:
Earn +20 pts
Why is there money when the world is already bankrupt?
In the banks because they help the Americans and they lose money.
Why can't you opt out of medicare if you already have your own insurance?
There is no law requiring one to enroll in Medicare. However, many private insurers require this.
Is Reliant Energy going bankrupt?
yes, they already had to be proped up by another energy co.
Can you get Medicare supplement when you get insurance at work?
If you already have Medicare Part A and are enrolled in Medicare Part B, you can get a Medicare Supplement. When it comes to having insurance at work, take a look page 16 in the 2009 Medigap Book: http://www.medicare.gov/Publications/Pubs/pdf/02110.pdf
What are the benefits of Medicare Part D insurance?
Medicare part D adds extra benefits on to your medicare package, it is prescription drug coverage that should be already included in your Medicare package, this means that her insurance would also cover the cost of any drugs she was required to get as part of her medical treatment.
Can you still hold your personal alcohol license if you are made bankrupt?
I was made bankrupt on June 6th this year 2008 i already held a personal licence can i still use it
When will Medicaid be bankrupt?
Medicaid is a program for persons of limited income that is financed approximately 90% by the Federal government and 10% by the state. It cannot go "bankrupt." In theory, the federal government may decide to discontinue the program, but that's not going to happen.You might be thinking about Medicare, which is an insurance program for persons over 65 and theoretically could go bankrupt; however, the federal government is not going to let that happen, either.
What are the requirements for one to be eligible for medicare part d?
If your parents are already enrolled in regular medicare they can be able to qualify for Part D. You can go to Medicare's website and check their plan finder. By using their plan finder it will tell you which plans you are qualified to use.
Can you buy Medicare supplemental insurance if you have Medicare carve out coverage?
Please explain your question more thoroughly if my answer does not suffice. I am unsure of what you mean by Medicare Carve Out Coverage. You can buy a Medicare Supplement at any time once you have received your Medicare Part A and Part B. If you do not enroll within 6 months of your Part B effective date you would be subject to underwriting. You can not join a Medicare Supplement if you already have a Medicare Advantage Plan as this is not allowed by Centers for Medicare. You would be required to drop your Medicare Advantage Plan prior to the Medicare Supplement effective date. If you had coverage through an employer, you would not need Medicare Supplement coverage as your employer coverage would be primary and then Medicare would be secondary for your out-of-pocket costs covered by Medicare.
Is it necessary to have Medicare if you already have veterans medical benefits?
Medicare is used by the VA to keep their own medical care expenses down. When a veteran eligible for medicare is under their care, the VA will bill Medicare to help ensure all veterans can be taken care of adequately. If you are eligible for medicare, apply to help the VA maintain high quality medical care for other vets.
Who needs a medicare hmo plan?
They could need a Medicare HMO plan if they are over a certain age, and meet a certain income requirement. If they don't already have health insurance, this is something to look into.
Why are people forced to accept medicare when they already have good health insurance?
The current regulations require tat you have some sort of minimal health insurance, either through an employer, purchased on your own, or from the government (medicaid) if you qualify based on income and resources. If you already have health insurance from an employer or otherwise that is comparable to or better than medicare than you can keep it and do not need to apply for medicare.
