Forums » Off-Topic Discussions

What is Medicare and how does it work?

    • 4 posts
    August 16, 2023 1:26 AM PDT

    I'm 65 years old and I'm about to be eligible for Medicare. I'm so excited! I've heard that it's like a magic wand that will make me immortal. How will it work?

     

    • 4 posts
    August 17, 2023 6:27 AM PDT

    Medicare is a federal medical insurance program administered by the Centers for Medicare & Medicaid Services (CMS) that primarily caters to individuals who are 65 years and older. It also covers younger individuals with disabilities. Medicare is divided into several parts, each covering different aspects of healthcare, including Medicare Part A, Part B, Part C, and Part D Under Original Medicare, beneficiaries can seek care from any healthcare provider that accepts Medicare. Medicare Advantage plans typically have networks of healthcare providers, and beneficiaries may need to use in-network providers to receive full benefits.