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What does Medicare mean by Benefit Period?

Updated: 8/21/2019
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Q: What does Medicare mean by Benefit Period?
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What does the medical abbreviation BIN mean?

1) Benefit Identification Number (pharmacy routing, Medicare) 2) Brain Injury Network


Why do patients only get 3 days in the hosiptal that are on medicare?

There is no limit to the number of days a patient stays in a hospital under Medicare. The following is directly from the "Medicare and You 2009" book. These figures are the amount of money that you will pay if you only have Medicare without a Medicare Supplement Plan or a Medicare Advantage Plan to offset these costs. You can view the entire book here: http://www.medicare.gov/Publications/Pubs/pdf/10050.pdf You pay: $1,068 deductible and no coinsurance for days 1-60 each benefit period $267 per day for days 61-90 each benefit period $534 per "lifetime reserve day" after day 90 each benefit period (up to 60 days over your lifetime) All costs for each day after the lifetime reserve days. Inpatient mental health care in a psychiatric hospital limited to 190 days in a lifetime


Do you owe FICA and MEDICARE taxes on a unemployment benefit check?

No


Medicare Part (Blank) is a prescription drug benefit.?

D


How many benefit periods are covered by hospital insurance during a Medicare beneficiary's lifetime?

Medicare beneficiaries have an unlimited number of benefit periods covered by hospital insurance during their lifetime. Each benefit period begins when an individual is admitted as an inpatient to a hospital or skilled nursing facility, and ends once they have been out of the hospital or facility for 60 consecutive days.


Why is there a limitation on the amount of money we have to pay tax on for Social Security and not for Medicare?

I'm not familiar with the legislative history behind this. However, one explanation would be that although there is a maximum Social Security benefit, there is no maximum Medicare benefit.


Would Medicare help my eldery grandparents pay for a Lift Chair?

If your elderly grandparents are on Medicare or qualify for services and they would medically benefit from having a lift chair then Medicare will help pay for the chair.


What does the letters WCA before your medicare number mean?

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Will your long term insurance pay if you are on medicare also?

Term insurance has no relationship with your medicare coverage. Term insurance sum assured amount is payable to the nominee of the policy holder only in case of any eventuality of the policy holder, to be precise, it is related to death benefit only. Where as medicare covers any illness/disease that occurs within the policy period of the insured person and are admissible on legitimate grounds.


What would be the benefit to abolishing Medicare?

The only benefit would be killing off a bunch of little kid's grandparents so you see how many cry.


What is Medicare icep?

Initial Credible Election Period. When an individual becomes eligible for Medicare A and B, they are given an ICEP to choose supplimental coverage/Medicare Advantage(replacement) and/or Medicare Part D drug Coverage. The Period of Time is 3 months prior to their effective date with Medicare A & B, the month of and up to 3 months after. Example. Member is entitled to Medicare A and Enrolled in Medicare B effective 7/1/10. their ICEP starts 4/1/10 and end 10/31/10. This the time frame they are allowed by medicare to sign up for additional insurance. This is a one time election for people to choose insurance outside of Medicare's Open enrollment period which is called AEP(Annual Election Period) which as of 2011 will run OCtober 15th to Decemeber 7th. (For January 1st 2012 effective date)


What is a concern about the financing of Medicare?

money provided by the Social Security Administration for Medicare will be depleted before the aging population of the United States can actually benefit from the taxes they are now paying.