Medicare

Medicare

Medicare is a U.S. government health insurance program that helps pay medical costs for people who are 65 or older and for some younger people with certain disabilities or long-term kidney disease. It is made up of different parts that cover hospital care, doctor visits, prescription drugs, and optional private plans that combine services. People usually pay premiums, deductibles, and coinsurance, though the exact costs depend on which parts and plans they choose. Enrollment happens during set periods, and missing these windows can lead to delays or penalties. Medicare helps many people afford care they might otherwise be unable to pay for, especially as health needs increase with age. It does not cover everything, and people often need additional coverage or savings to pay for things like long-term personal care and some dental or vision services. Understanding how Medicare works makes it easier to choose the right options and avoid unexpected bills. It also plays a large role in national discussions about healthcare affordability, access, and the wellbeing of older adults. For many families, Medicare is a key part of financial and health planning in later life.