Risk management and insurance Essay Example | Topics and Well Written Essays - 250 words - 1

Risk management and restitution - Essay ExampleMedic atomic number 18 enrollees have in the recent past started purchasing gap-filing coverage, with the enrollees involved constituting up to 70 percent of the total covered population. Medicare provides health care coverage in four different parts, namely part A, B, C, and D (King, 2010). Part A and B are the primary parts of the plan, providing health insurance for hospital and medical needs. The other two are complementary parts, primarily addressing program flexibility and drug prescriptions. The four primary parts that constitute the Medicare program do not fully address all-round health coverage, meaning that there are close to hospital and medical aspects that are not covered by the program.The inadequacies realized in Medicare necessitate the acquire of gap-filling coverage to supplement the Medicare coverage. This gap-filling coverage is necessary in accounting for health risks that Medicare does not provide for. Although Medicare covers the venerable and the disabled populations, only a certain level of their healthcare needs is provided for. As a result, an insurance cover that addresses health care aspects that Medicare does not provide for becomes necessary. MediGap plans serve as a common exemplar of gap-filling