insurance

What is Medicare?

 

What is Medicare?

The Bankrate.com financial term of the day is: "Medicare."

Medicare is the government health insurance program that older Americans depend on. Eligibility typically begins at age 65, though the program also covers younger people with certain disabilities or severe kidney disease.

To know Medicare is to know the ABCs. There's Medicare Part A for hospital and nursing care; Part B, which helps with the cost of doctor visits and preventive health services; Part C, also known as Medicare Advantage, offering benefits through private insurers; and Part D for prescription drugs. Medicare is often confused with Medicaid, the health care program for the poor that was launched as part of the same 1965 law as Medicare.

Medicare is Uncle Sam's way of looking out for seniors when they get sick.

To shop for insurance to fit your needs, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Toyota, Land Rover win value awards

Toyota and Land Rover recently received top honors in ALG’s 15th Annual Residual Value Awards.  ... Read more


Connect with us