Medicare is a supplemental insurance program that provides health insurance for Americans 65 and older. It has been administered by the federal government since 1966. The program utilizes 30-50 private insurance companies throughout the U.S.
Medicare is funded by a number of sources including premiums, a payroll tax and surtaxes from beneficiaries, and general revenue. Enrollees have roughly half of their healthcare costs covered on average. The program also covers some people under age 65 who have certain disabilities or end stage renal disease or amyotrophic lateral sclerosis.
Medigap is a medical supplement insurance policy that can cover expenses not covered by Medicare. This can include deductibles, copayments, and coinsurance costs. In order to have Medigap, you must already be enrolled in Medicare Part A and Part B. Read more from this blog: http://bit.ly/2kJmsPv
