The basics of Medicare

Medicare, established in 1965, helps older adults and people with disabilities cover healthcare costs. It includes Part A (inpatient care), Part B (outpatient and provider services), Part C (Medicare Advantage plans with extra benefits), and Part D (prescription drugs). Most users are 65 or older, enrolling during a seven-month Initial Enrollment Period. Medicare covers many costs but not long-term nursing home care. Some enrollees pay premiums, deductibles, and copayments.