Medicare - is the federal health insurance program for almost everyone age 65 or older and certain disabled people under 65. It is run by the Health Care Financing Administration of the U.S. Department of Health and Human Services. The Social Security Administration offices across the country take applications for Medicare . Most people don't have to pay premiums. Medical Insurance - helps pay for the doctor's services, outpatient hospital services, and durable medical equipment, etc.
Most people do have to pay a monthly premium.
Medigap policies are supplemental to Medicare policies. You are not eligible for EPIC if you receive Medicaid benefits or if you are on a private insurance plan which has a better prescription benefit. Long Term Care Insurance - is a policy you buy to help pay some of the costs of long term care. The covered services typically include home health care and nursing home care. Policies may seem expensive but it can help in later years to maximize your independence, increase your choices about care, protect your assets, and avoid depending on your family and friends.