With the two programs in the spotlight, it’s important to understand what Medicare is and what might happen to the millions of people who rely on it if a funding solution isn’t reached and the program can no longer function.Medicare is a government health insurance plan at the federal level, mostly for older citizens and those with disabilities. The program was enacted in 1965 under President Lyndon Johnson.
The program itself itself is paid for using two trust fund accounts, the Hospital Insurance Trust Fund and the Supplementary Medical Insurance Trust Fund.Those eligible for the program include people 65 years old and older, eligible young people who have disabilities, and those with end-stage renal disease.The different parts vary in cost depending on a recipient’s needs and which plan is selected.
Enrolling in Parts C and D includes a separate process, such as choosing the type of plan you want to receive. More information about plans and coverage can be found online.CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER