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A United States government program providing certain kinds of medical care to persons over 65 years of age. Medicare is funded by the federal government and divided into several parts. Medicare Part A is free (or rather paid with taxes) and pays for visits to the hospital, as well as some other costs. Medicare Part B covers doctor visits if the elderly person pays an extra premium, and Medicare Part D pays for prescription drugs in exchange for a premium. Participation in Parts B and D is voluntary, but participation in Part A is automatic. See also: Medicaid, Social Security, Obamacare.


Medicare is a federal government insurance program designed to provide healthcare coverage for people 65 or older, certain disabled people, and people with chronic kidney disease.

Anyone who qualifies for Social Security is automatically eligible for Medicare at 65.

Part A, which covers hospital and certain other costs, is provided when you enroll. You can also sign up for Part B, which covers doctor visits and related costs, and Part D, which covers prescription medicines, at the same time.

You pay a separate premium for both Part B and Part D. The Part B premium is set annually and carries surcharges for people whose incomes are above the annual ceilings. Your Part D premium is determined by the private insurer plan you select. If you postpone applying for Parts B and D and don't have equivalent or better coverage -- called creditable coverage -- from another plan, you face a permanent surcharge when you do enroll.

You may also have a choice between Original Medicare, which is a fee-for-service plan run by the government, or a Medicare Advantage plan if one is available where you live. Medicare Advantage plans are private insurer plans.

References in periodicals archive ?
Maribo Medico employees, including Chief Executive Officer Mette ToxvE*rd Larsen, will continue on in their current roles.
Sosa-Velasco son claros: se trata de estudiar las "representaciones metaforicas de la enfermedad [o, para ser mas precisos, del cuerpo enfermo] en los medicos y escritores Santiago Ramon y Cajal (1852-1934), Pio Baroja (1872-1956), Gregorio Maranon (1887-1960) y Antonio Vallejo Nagera (1888-1960).
American Enterprise is based in Des Moines, Iowa and Medico is based in Omaha, Neb.
O medico empresario que nao foi entrevistado por nao ter mostrado disponibilidade para a realizacao da entrevista faz parte do grupo dos mais antigos profissionais de Ceres e nao teria dados significativos que pudessem interferir no resultado da pesquisa.
Anibel Mierez, a Medico and former Equipetrol employee, said the valves allow for a more economical drill site, reducing the number of valves and feet of piping.
Moreover, the eight former New MediCo facilities which will be leased to Greenery appear to enjoy strong, stable cash flows.
FINR assumed the operations today of the former New Medico Rehabilitation Center of Florida (NMRCF).
A spokesman for HRP emphasized that the exercise of the option to eliminate HRP's financial exposure to New MediCo is not expected to be dilutive to HRP shareholders.
OTC: LMDX) announced today that it has entered into a letter of intent to acquire the exclusive rights, manufacturing rights, and distribution and marketing rights to the Microlight 830 "cold" laser from CB Medico A/S, a subsidiary of CB Svendsen, a private company based in Vaerloese, Denmark.
The agreement, which involves cash and royalty payments, grants Lasermedics the exclusive worldwide manufacturing and marketing rights in perpetuity to all low energy laser devices currently made by CB Medico, including a non-surgical, or "cold," laser therapy device which CB Medico has sold in some 28 countries, and which Lasermedics has introduced to the United States under the name Microlight 830.
Exclusive strategic alliances with world-class manufacturers have allowed Inter Medico to consistently deliver Innovative Diagnostic Solutions that advance medicine and patient care.