Medicare

Medicare is a uniquely American health insurance system primarily designed to cover older adults and people with disabilities. It’s the largest health insurance program in the U.S. and is an important component of the American healthcare system. Medicare is often confused with Medicaid, another government health insurance program primarily designed for people with low-income and low-wealth. Unlike Medicaid, Medicare has income and workforce participation requirements.

Understanding Medicare

Medicare was signed into law by President Lyndon B. Johnson in 1965 and became operational the following year. Medicare offers health insurance to Americans aged 65 or older, a limited number of younger people with disabilities, and people with end-stage renal disease, Lou Gehrig’s disease, or ALS.

Medicare consists of four parts:

• Part A: Hospital insurance covers hospital inpatient care, skilled nursing facility care, hospice care, and home health care.
• Part B: Medical insurance covers doctor’s services, outpatient care, medical supplies, and preventive services.
• Part C: Medicare Advantage plans are offered by private insurance companies and cover all Part A and Part B benefits, and often additional benefits.
• Part D: Prescription drug coverage is also offered by private insurance companies.

Why Learn about Medicare?

Medicare is a complex program that affects the daily lives of millions of Americans. Learning about Medicare can help you understand your health insurance options, plan for your future, and better navigate the healthcare system. If you are interested in healthcare, learning about Medicare can also help you develop your career.

Career Opportunities

Learning about Medicare can help you pursue a career in a number of different fields, including: