What Is Medicare?

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Last Updated
July 24, 2025

Medicare Definition

Medicare is a federal health insurance program for people 65 and older that covers hospital care, doctor visits, and some short-term rehabilitation services.

Medicare Meaning

Medicare is a federal health insurance program for individuals aged 65 and older, as well as certain younger people with disabilities. It consists of multiple parts covering hospital stays (Part A), outpatient care (Part B), and prescription drugs (Part D).Medicare plays a central role in senior healthcare planning, helping cover costs for doctor visits, tests, and some rehabilitation services. However, it does not fully cover long-term care, so understanding coverage gaps is critical for effective financial and care planning.

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Medicare Importance

Medicare is a federal health insurance program for individuals 65 and older, as well as some younger people with disabilities. It covers hospital care, doctor visits, preventive services, and—in some cases—limited home health or rehabilitation services.Understanding Medicare is essential for navigating care options and avoiding unexpected costs. While it doesn’t cover everything (like long-term custodial care), it provides a vital foundation for healthcare in retirement. Knowing what’s covered and how to supplement it helps seniors make informed decisions and maintain financial stability.

Frequently Asked Questions (FAQs)

What senior services are covered by Medicare?

Does Medicare pay for home care or nursing home stays?

How can I check if a service is covered under Medicare?