Medicare is a federal health insurance program in the United States that primarily serves people aged 65 and older, although it also covers some younger individuals with certain disabilities or medical conditions. It was established in 1965 as part of the Social Security Amendments and is administered by the Centers for Medicare & Medicaid Services (CMS).
Medicare Part A: This part covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care services.
Medicare Part B: Part B covers outpatient care, doctor visits, preventive services, and some medical supplies.
Medicare Part C (Medicare Advantage): Also known as Medicare Advantage, Part C allows beneficiaries to receive their Medicare benefits through private insurance plans approved by Medicare. These plans often include additional benefits beyond what Original Medicare offers, such as prescription drug coverage and dental or vision care.
Medicare Part D: This part provides prescription drug coverage through private insurance plans that are approved by Medicare.
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