Medicare is our country’s health insurance program for individuals over the age of 65 and for certain groups of people with disabilities. It consists of two parts.
Part A: is known as hospital insurance. It covers hospital care, nursing facility services, home health care, and hospice care.
Part B: is the medical insurance component of Medicare. It covers most doctors’ services, medical equipment, hospital outpatient services, preventative care, lab tests, X-rays, mental health, and some ambulance services.
While Medicare may not cover every penny of health expense, it covers the majority of things. You can also purchase a supplemental policy to help pay some of the out-of-pocket expenses and co-pays.