Unit 8 Assignment
HA545-01
Marquetta Wiggins
Instructor: Dr. Eva Skuka
March 3, 2015
Introduction
There are a lot of assistances to help people that are in need and it ranges from birth till death. Some typed of assistances are Medicare, Medicaid, and food and nutrition. These are put in place to help people that are having hard times or who are elderly and the disabled. Once you reach a certain age and you are retired and you are receiving your benefits sometimes need help with your Medicare and your Medicaid and that when you can enrolled into the Medicaid part D program. What is the Medicaid part D program? According to the text Health policymaking in the United States “it’s to help pay prescription drugs discount cards voluntary…show more content… Majority of the people in the United States that are self-employed are covered by Part A and pay taxes to support their cost of benefits for the aged disabled beneficiaries. The tax rate for Part A is 1.45 percent of the earnings paid by the employee and the matching amount by the employer for each employee. For the self-employed 2.90percent per person. The people that are receiving Part A also receives income from the following 1. Portion of income taxes levied on social security benefits paid to high income beneficiaries 2. Premiums from certain person who are not otherwise eligible and choose to enroll voluntarily 3. Reimbursement 4. Interest earning on its invested assets and other 5. Other small, miscellaneous income sources.
The SMI trust fund is different fundamentally from the HI fund with the nature regarding the finances aspect. The SMI is composed of the Part B and Part D but has its own separate accounts but is similar that it is finances by the U.S. treasury and by beneficiary premiums. As for Part B the contribution to the fund is the largest sources of income and beneficiary premiums are generally set at a level of 25 percent of the average expenditures for aged beneficiaries. The standard Part B premium rate will be $96.40 per beneficiaries per month in
