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Medicare is a federal health insurance program for people ages 65 years and older as well as individuals who belong to other specific groups. It consists of several parts: Part A and Part B.
In 2023, it was $506 per month for those who paid Medicare taxes for less than 30 quarters, and $278 per month for those who paid Medicare taxes for 30-39 quarters. Part B helps cover services ...
Part B covers home health care from a Medicare-approved home health agency if you are homebound and need skilled nursing care. “For Part B short-term, skilled nursing care in the home, you have ...
Lyndon B. Johnson signing the Medicare amendment (July 30, 1965). Former president Harry S. Truman (seated) and his wife, Bess, are on the far right.. Originally, the name "Medicare" in the United States referred to a program providing medical care for families of people serving in the military as part of the Dependents' Medical Care Act, which was passed in 1956. [7]
Medicare Advantage (Medicare Part C, MA) is a type of health plan offered by private companies which was established by the Balanced Budget Act (BBA) in 1997. This created a private insurance option that wraps around traditional Medicare .
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