SOC 322 Week 4 Finances and Lifestyle Medical Expenses in Old Age

SOC 322 Week 4 Finances and Lifestyle Medical Expenses in Old Age

Finances and Lifestyle: Medical Expenses in Old Age. For many American adults, medical expenses can be a primary source of debt and depression. In the older adult community, however, this problem is intensified, as health issues tend to surface and worsen during late adulthood. For this assignment, describe the financial burden of medical expenses on the older adult population. Specifically, discuss the Medicare and Medicaid policies, as well as the policies associated with Medigap. In discussing these policies, explain the following:

 How do individuals qualify for these programs?
 How do individuals pay for these programs?
 Which services are covered, and which aren‟t?
 What are the coverage differences in Part A, B, and D of Medicare?
 What are the current and future trends of Medicare and Medicaid programs?

In answering these questions, please ensure that you address the financial difficulties faced by older Americans in paying for (or qualifying for) such programs, as well as the expenses associated with medical care.

Your assignment should be 3-4 pages in length (excluding title and reference pages), and should include a minimum of 3 references.

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