What is Medicare?

Medicare is a federal health insurance program in the U.S. primarily designed for individuals aged 65 or older, as well as certain younger individuals with disabilities and those suffering from End-Stage Renal Disease. The program is funded through two trust funds maintained by the U.S. Treasury and generally includes Medicare coverage options such as hospital coverage (Part A), medical insurance (Part B), and prescription drug coverage (Part D). For those considering their options, understanding Medicare enrollment is crucial, particularly when comparing Medicare vs Medicare Advantage plans.