1,576
3
Essay, 1 pages (150 words)

Risk management and insurance

Medicare enrollees have in the recent past started purchasing gap-filling coverage, with the enrollees involved constituting up to 70 percent of the total covered population. Medicare provides healthcare coverage in four different parts, namely part A, B, C, and D (King, 2010). Part A and B are the primary parts of the program, providing health insurance for hospital and medical needs. The other two are complementary parts, primarily addressing program flexibility and drug prescriptions. The four primary parts that constitute the Medicare program do not fully address all-round health coverage, meaning that there are some hospital and medical aspects that are not covered by the program.
The inadequacies realized in Medicare necessitate the purchase of gap-filling coverage to supplement the Medicare coverage. This gap-filling coverage is necessary for accounting for health risks that Medicare does not provide for. Although Medicare covers the elderly and the disabled populations, only a certain level of their healthcare needs are provided for. As a result, an insurance cover that addresses health care aspects that Medicare does not provide for becomes necessary. Medigap plans serve as a common example of gap-filling coverage.

Thank's for Your Vote!
Risk management and insurance. Page 1
Risk management and insurance. Page 2

This work, titled "Risk management and insurance" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Essay

References

AssignBuster. (2021) 'Risk management and insurance'. 29 December.

Reference

AssignBuster. (2021, December 29). Risk management and insurance. Retrieved from https://assignbuster.com/risk-management-and-insurance-essay-samples/

References

AssignBuster. 2021. "Risk management and insurance." December 29, 2021. https://assignbuster.com/risk-management-and-insurance-essay-samples/.

1. AssignBuster. "Risk management and insurance." December 29, 2021. https://assignbuster.com/risk-management-and-insurance-essay-samples/.


Bibliography


AssignBuster. "Risk management and insurance." December 29, 2021. https://assignbuster.com/risk-management-and-insurance-essay-samples/.

Work Cited

"Risk management and insurance." AssignBuster, 29 Dec. 2021, assignbuster.com/risk-management-and-insurance-essay-samples/.

Get in Touch

Please, let us know if you have any ideas on improving Risk management and insurance, or our service. We will be happy to hear what you think: [email protected]