03/02/2025
–
10:14
CSTMedicare is a government-sponsored health program for people 65 and older, as well as those with certain disabilities, chronic kidney failure or amyotrophic lateral sclerosis. Be aware that while it covers some medical expenses, it does not cover all services or most long-term care. There are several ways to get coverage. If you choose Original Medicare (Parts A and B), you may consider Medicare supplemental insurance (Medigap), which is offered by private insurers to cover some additional expenses such as co-pays and deductibles. Another option is to choose Medicare Advantage, which combines Parts A, B and, in many cases, Part D (drugs) into a single plan administered by an approved insurer.From what you read, there are several divisions that complement the plans, all for better care and to be alert to any situation. The Centers for Medicare & Medicaid Services (CMS) administers the Medicare program and oversees state health programs. In 2023, a very high number was reached as Medicare covered more than 66.7 million people with a total expenditure of more than $1 trillion, financed by the Medicare trust funds.Payroll taxes paid by most employees, bosses and, in this case, the self-employed:Taxes on the money you get from Social Security.Interest earned on the fund’s investments.Medicare Part A premiums for those who don’t get it for free.That’s right, here are 5 reasons why this program is unquestionably federal: Uniformity: Same level of benefits across the countryFunding: Federal taxes and premiums.Regulation: National quality standards.Scale: Better bargaining and efficiency.Equitable access: Coverage for all who qualify.For all of these reasons, it’s practically a given that we’re talking about a federal program that ensures a great deal of consistency, attention and fairness in terms of uniform coverage for beneficiaries across the country, who, with the arrival of Donald Trump as President of the United States, will be watching for any changes he plans to make.
