Medicare Demographic Analysis
Understanding the specifics of Medicare is very challenging for its member demographic. Having someone on staff who can assist them is a great benefit. Just like private plans, they have open enrollment periods, and penalties for consumers who register late. Some of those penalties can affect their cost of care for years. Medicare is not an “entitlement”, it is an insurance that working Americans have been paying for throughout their working career. It is paid through the Social Security Trust Fund. Medicaid is mostly associated with low income families with children and allows free access to medical services and prescriptive medications, dental and vision care, but it also offers a step-up program called CHIPS. CHIPS require a small