Similar to Social Security retirement benefits, Medicare is funded in part through payroll taxes. Nearly 65 million seniors are enrolled in Original Medicare, and at least 28 million are enrolled in the Medicare alternatives that are available. Today, Medicare is one of the largest social programs in the United States. The program has since expanded to increase the services covered and create additional parts of the program. The original program included two parts, known as Original Medicare. Both programs were signed into law by President Lyndon B. Medicare was created alongside Medicaid in 1965. It’s one of several social safety nets in place to help provide for seniors in their retirement years. Medicare is a federal health insurance program for people age 65 and older. There are various parts of Medicare, each offering a different type of coverage, and there are supplemental plans as well as private insurance plans you can get instead of Medicare. Medicare is a government-run health insurance program. You can sign up for Medicare during your initial enrollment period, the annual general enrollment period or a special enrollment period.

If you have certain disabilities, like end-stage renal disease or ALS (Lou Gehrig’s disease), you may be able to qualify for Medicare before age 65.Medicare is the federally run health insurance program that provides coverage for people aged 65 and older.

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