Medicares

Medicare is a national health insurance program in the United States, primarily for individuals aged 65 and older. It also covers younger people with certain disabilities and individuals with End-Stage Renal Disease. The program is administered by the Centers for Medicare & Medicaid Services (CMS), an agency within the Department of Health and Human Services.

Medicare is divided into several parts, each covering different healthcare services. Part A, known as Hospital Insurance, generally covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care. Part B, Medical Insurance, covers doctors' services, outpatient care, medical supplies, and preventive services. Beneficiaries typically pay a monthly premium for Part B.

Part C, also known as Medicare Advantage, is an alternative way to receive Medicare benefits. These plans are offered by private insurance companies approved by Medicare and often include Part A and Part B benefits, and sometimes prescription drug coverage (Part D). Medicare Advantage plans may offer additional benefits not covered by Original Medicare, such as dental, vision, and hearing.

Part D, Prescription Drug Coverage, helps cover the cost of prescription drugs. This coverage is also provided through private insurance companies. Beneficiaries can enroll in a standalone Part D plan or receive coverage through a Medicare Advantage plan that includes prescription drug benefits. Enrollment in Medicare is generally done during specific enrollment periods, and late enrollment can result in penalties.