Payment of Medical Bills essay

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Medicaid is significant in the payment of medical bills for the poverty stricken individuals. However, poverty is not the determining factor towards an individual’s qualification for Medicaid. Medicaid is critical for the disabled, blind people, pregnant women and children (Peltz, 2007). The individuals qualifying for Medicaid are of the lower income brackets. Medicaid facilitates medical treatment to those individuals who have no ability to pay their medical bills. This has the effect of lifting the burden of medical bills from the individual to the state.
Medicare is critical to the society, since it caters significantly to the elderly, and people who are permanently disabled (Peltz, 2007). The burden of medical bills is in these cases catered for by the program. The elderly and the permanently disabled people have no means of earning any significant income. Therefore, they are not capable of covering their own medical bills. The Medicare program assimilates these individuals in the program's medical cover.
Private insurance is significantly common, since most people prefer to buy their own health insurance. Private insurance is tailored to the needs of the individual and the capability to pay. Private insurance can be acquired through an individual’s job or the private insurance market (Mehta, 2008). The effect of private insurance towards the individual is that; when the occasion arises where medical bills are due, the insurance company steps in and caters for all medical bills payable. This has the effect of lifting the financial burden from the patient to the insurance company.
Patient pay relates to the amounts an individual contributes or pays towards their medical bills. The deductions made to an individual’s income towards a medical health plan constitute patient pay (Mehta, 2008). Patient pay relies on the patient’s ability to pay their bills; however, patients may default in payments due to one reason or another. An individual takes the responsibility of any deductibles, co payment amounts or co insurance payments towards their medical health plans. These reduce the financial burden in the event that a medical problem should arise.
The given methods or programs that entail payment of medical bills are aimed at providing the sound health plans for all individuals. Medical health plans are critical to all individuals; therefore, provision for health services is essential. The ability to pay for and sustain a health plan differs from individual to individual; hence the necessity of the given health programs and plans.
The Medicaid program plays a significant role in the health of poverty stricken individuals. A significant portion of the population is at or below minimum wage income bracket. Medicaid is tailored to cater these groups essentially the disabled, blind people, pregnant women and children (Peltz, 2007). Medicaid facilitates medical treatment to individuals with the inability to pay their medical bills. Though this program aids in lifting the medical burden from the individual to the state, the general effect, is equitable provision of the medical service to all. The disadvantaged in society are not marginalized; therefore, the state fulfils its obligation for maintaining a healthy population.
Senior citizens are prone to the number of medical issues due to their age. The Medicare program aims at providing for these groups of individuals. However, for an individual to be eligible, he or she must be over the age of sixty five or any individual who is permanently disabled (Peltz, 2007). The state realizes that the elderly depend significantly on pension programs, which are insufficient, to cover for medical costs incurred. The effect of Medicare is ensuring that the elderly and the permanently disabled have a medical health plan which eases their burden.
Private insurance aims at facilitating the medical care to customers when the need arises. Private insurance is a business like any other which is profit-oriented. The client’s prompt and adequate payment of premiums ensures that medical bills are paid on their behalf by the private insurance company (Mehta 2008). However, medical payments are made when an individual meets the stipulated terms of the policy and laws of the private insurance. Private insurance is tailored towards the needs of the individual and the capability to pay. The effect of the private insurance is catering for all medical bills payable towards the policy holder, while easing the patient’s burden of bills payment.
The Patient pay system ensures that eligible individuals make the essential contributions towards their medical programs adequately. The deductions made to an individual’s income towards a medical health plan constitute the patient pay (Mehta, 2008). Patient pay aims at ensuring that the patient takes the responsibility for their medical bills. However, in the event that a patient defaults in payment, he may be discharged or transferred because of the failure to pay the required amounts. Patient pay has the effect of deferring liability to the patient in the event that payments are not made.
The established health programs and plans aim at easing the financial burden in catering for medical bills. Each program is defined by its own laws, rule and regulations in the execution of its mandate. The general consensus in all programs is to provide the medical services to their intended subscribers. The effect of these programs is ensuring that medical services are available to all where and when needed.

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