Medicare payments will start to be bundled in an attempt to not only make them more accessible, but more affordable. Medicare is defined on its website as “health insurance for people 65 years or older, under age 65 with certain disabilities, and any age with end-stage renal disease (ESRD) or Lou Gehrig’s disease. Medicare has four parts — Part A, which is hospital insurance, Part B, which is medical insurance, Part C, which is Medicare Advantage Plans, and Part D, which is Prescription Drug Coverage.” By streamlining the process, it will also help hospitals, doctors and caregivers all have the same financial incentive to both work together and provide cost-effective care, whereas originally it was a case of quantity over quality.
More than 46 million people are enrolled in Medicare, so the fact that all payments will be bundled is beneficial for all. Medicare started taking steps in the right direction earlier this year when they started making prescription premiums $30 a month.
If you are elderly, remember, quality of life does not have to be affected. In fact, exercise can help fight back the effects of aging. Keeping in good health is important as you age, so be sure to consume a lot of vitamin D, keep your cholesterol levels healthy and eat plenty of healthy fats like olive oil. According to reports on the world’s oldest man, Walter Breuning, he prided himself in eating only two meals a day, he took no medications except for aspirin and most importantly he stayed busy.