Medicare

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Medicare, established in 1965, is a federal health insurance program primarily for individuals aged 65 and older. It also serves younger people with disabilities and those with End-Stage Renal Disease. The program consists of four parts: Part A (Hospital Insurance), Part B (Medical Insurance), Part C (Medicare Advantage Plans), and Part D (Prescription Drug Coverage). Medicare aims to provide affordable healthcare services, covering hospital stays, outpatient care, preventive services, and prescription drugs. Beneficiaries can choose traditional Medicare or Medicare Advantage plans through private insurers.