The Social Security Program’s Importance to US Citizens
Medicare is a federal insurance program that is available throughout the United States. The coverage is available to people over the age of 65, dialysis patients, and younger disabled people. Medicaid is a government assistance program for low-income people of all ages. The program is a federal-state partnership that varies by state. The operations are managed by the local authorities. The essay discusses the components and gaps in the Medicare and Medicaid programs, as well as the importance of the Social Security program to Americans.
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Inpatient, outpatient, and drug prescription coverage are the three critical components of the policy. Inpatient coverage includes hospital stays, physical therapy, and skilled nursing facility care (Lyon et al., 2014). Outpatient services include vaccinations, medical equipment, and hospital visits (Crowley, 2014). Certain types of drugs are covered by the prescription plan. Taylor et al. (2014) describe the Medicare coverage gaps as including limited coverage for drug costs and long-term care services. The insurance covers drug prescriptions up to a certain limit. Medicare does not cover routine dental care, hearing aids, or eyeglasses. Uninsured people who live in states that have opted out of Medicaid are one coverage gap ( Norris, 2018). The second gap is the number of childless people, as the plan only allows for parents.
Employees can plan for their retirement using the Social Security program as a source of income. The plan also provides social insurance coverage to households whose breadwinner dies or workers who become disabled. The program is important to the American people because there is a high risk of disability and premature death (Huntington et al., 2013). One-fifth of the beneficiaries in June 2019 were survivors of deceased or disabled workers (Moffitt, 2015). In 2018, nearly 95 percent of the population aged 20-49 in previous jobs covered by the program benefited from the plan.
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The purpose of this essay is to explain the components and gaps found in the Medicare and Medicaid programs, as well as the significance of the Social Security program in the United States. The main components of the healthcare plan are inpatient, outpatient, and prescription care. The coverage gaps include the cost of most drugs, childless people; long-term services; and uninsured people who leave states where Medicaid is not available. The Social Security program should be maintained as long as it is relevant to American citizens.
