Question

The Medicare Part C program:

Enables beneficiaries to enroll in risk-based health plans such as HMOs and PPOs.

Uses the Bretton-Woods RVRBS formula to reimburse physicians.

Was created under TEFRA to provide health insurance for the working indigent.

Provides a prescription drug benefit for Medicare beneficiaries.

Answer 1

Part C of Medicare provides managed care. The main purpose of Medicare Part C is to reduce the financial strain on Medicare funds by providing access to a variety of new health options to beneficiaries and thus incentivizing beneficiaries to join private health care plans as an alternative to the fee-for-service Medicare program.

It encourage Medicare beneficiaries to choose private health care plans as alternatives to the traditional fee-for service Medicare program

A Special Needs Plan (SNP) is intended for individuals who are insured under Medicare and Medicaid . Each Medicare Part C plan is different, so premiums vary as a result.