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Medicare is a health insurance program, with four distinct parts. Parts A, B, C, and D provide programs for older people and people with specific disabilities.
Medicare Part B covers medical expenses and outpatient care. Many services have a 20% coinsurance, and the 2020 deductible is $198. Read more here.
Medicare Advantage Plans or Part C. Medicare Advantage plans, offered by private insurers, combine Original Medicare with extra benefits like vision, dental, hearing, and prescription drug coverage.
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]
Other parts of Medicare (Part C, Part D, and Medigap) are private insurance plans that offer additional benefits and services. Monthly and yearly Medicare costs include premiums, deductibles ...
Medicare generally pays for 80% of any service that Part B covers, leaving the beneficiary with 20% to pay. In 2024, the premium for Part B was $174.40 for people who earned under $103,000 per year.
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