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Medicare was founded in 1965
to serve as a safety net to help cover some of the costs associated
with health care for older Americans and those with certain
disabilities.
It’s an insurance program administered by the Centers for Medicare
and Medicaid Services, an agency of the federal government.
You are typically eligible for Medicare after 10 or more years of
working and paying Social Security taxes. To begin receiving
Medicare benefits, you must be age 65 and a U.S. citizen or
permanent resident. If younger than 65, you can qualify for Medicare
if you have end-stage renal disease or certain disabilities.
Medicare has two parts: Part A covers hospital benefits and Part B
covers all other medical care. |
