Retirement Planning
Medicare and Medicaid

What is Medicare carve out?


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2014-10-06 21:20:41
2014-10-06 21:20:41

A Medicare carve out is the use of private insurance to enhance the coverage of Medicare insurance. There are several different plans to choose from that work along with Medicare to give the best coverage possible at the least amount of cost to the patient.

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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.

You would need to check the medicad policy if the claim is covered or if they will be the 3rd party insurance payee in this case.

I am prepared to carve my niche! I'll carve the turkey this year!

yes you can carve quartz

Carve is the answer because it is a 5 lettered word and means carve

Faces are traditional but you can carve whatever you want.

yes they paint and carve in their cave

My dad likes to carve the Sunday roast.

The past tense of carve is carved.

Carved is the past participle of carve.

Medicare carve out coordination is a concept which requires an explanation. Under Coordination of benefits, Medicare Carve-Out plans--normally associated with Fortune 1000 companies incorporated in the United States-- are a method of coordinating medical payment pay outs once a retiree becomes eligible for medicare(the 1st day of the month of their 65th birthday) at a money savings to a corporation with limited financial impact to both the corporation and insured. Medicare coordination of benefits by "carve-out" is best explained by an example. In order for a company to be eligible for "carve-put" coordination of benefits, a company must (in laymen's terms) self insure their employees with monthly collection of premium from their employees to pay for their own health insurance claims. Claim pay outs for "carve out" plans are paid by the Employer's funds, not a Health Insurance Company's funds. (For instance, Toys R Us employees fund their health insurance claims, Blue Cross Blue Shield doesn't pay, Toys R US's health fund collected from employee's monthly health insurance premium pays.) "Carve-Out" plans pay after Medicare ONLY after a patient/insured reaches their "Out of Pocket Maximum" or otherwise known as "Stop Loss." "Stop Loss" is any provision within an insurance policy designed to end the insurance company's losses for a claim at a given point. In an example, say for instance a Toys R Us retiree experiences a $100,000 hospital claim (ei: 2 weeks inpatient hospital claim including 1 week in ICU.) Let's assume this hospital recognizes Medicare with a contract. Medicare may have a contract with a hospital to pay $61,000 (with a $39,000 write off, non-collectable) & will pay 80% of expenses as the primary insurance carrier(since a patient is retired.) 80% of $61,000=$48,800 paid. The remaining $12,200 ($61,000 Medicare Acceptable minus $48,800 Medicare Paid) is the remaining balance to be paid by the 2nd insurance in line. Under "carve out" plans, the 2nd insurance company to pay (Blue Cross Blue Shield funded by Toys R Us's own fund in this example) will pay AFTER an insured has paid their "Out of Pocket" or "Stop Loss" for the year. If an insured has a $1000 deductible, a "carve out" plan eliminates a deductible's importance and the "out of pocket/stop loss" is the amount that holds importance. Most "Out of Pockets" are approximately $10,000. Let's assume that Toys R Us retiree hasn't had a previous claim during the year. $10,000 will be the insured's responsibility to the hospital & Toys R Us's fund through Blue Cross Blue Shield will pay the remaining $2,200. Any future claims for the year will be financially picked up by Toy R Us's funded Blue Cross Blue Shield plan at 100%.

They didn't carve it, they steam bent it

i decided to carve a pumpkin for Halloween

No, they carve pumpkins for Halloween.

I would like to have a nice piece of walnut so that I can carve my name in it. Someone with more experience will carve the turkey this year.

No, Medicare is a Fee For Service Program, but doctors must contract with Medicare to treat Medicare patients

Erosion and abrasion carve shoreline features.

because the i side is soft so it is simple to carve

Yes; by definition, Medicare supplemental insurance "supplements" Medicare A & B.

If you suspect Medicare fraud contact Medicare at 1-800-MEDICARE or visit their website at

The Medicare tax helps to finance the Medicare program.

if you are enrolled in it no, you can decline to enroll on medicare

Turnips were originally carved before pumpkins.

spoon to spoon out the stuff inside and a knife to carve it!

"Carve" is a term used for cutting meat such as a turkey.

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